Poddar Pigments Faces Sustained Downward Trend Amid Industry Volatility in October 2023

Feb 14 2025 11:35 AM IST
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Poddar Pigments, a microcap in the Dyes & Pigments sector, has hit a new 52-week low amid significant volatility, underperforming its industry. The stock has seen consecutive losses over four days and is trading below multiple moving averages, reflecting ongoing challenges in the market.
Poddar Pigments, a microcap player in the Dyes & Pigments industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 311.6. This decline marks a notable underperformance, as the stock has lagged behind its sector, which has seen an overall drop of 2.72%. Over the past four days, Poddar Pigments has faced consecutive losses, accumulating a total decline of 11.94%.

Today's trading session saw the stock hit an intraday low of Rs. 311.6, reflecting a decrease of 4.33%. Additionally, Poddar Pigments is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend.

In terms of longer-term performance, Poddar Pigments has recorded a 1-year decline of 10.73%, contrasting sharply with the Sensex, which has gained 5.43% over the same period. These metrics highlight the challenges faced by Poddar Pigments in the current market environment.
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