Ponni Sugars Faces Continued Market Challenges Amid Broader Sugar Sector Decline

Feb 11 2025 12:05 PM IST
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Ponni Sugars (Erode) has faced notable volatility, hitting a new 52-week low and continuing a downward trend. The stock has dropped 7.5% over four days and is underperforming its sector. Over the past year, it has decreased by 27.54%, contrasting with the Sensex's gains.
Ponni Sugars (Erode), a microcap player in the sugar industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 338. This decline marks a continuation of a downward trend, with the stock underperforming its sector by 0.25%. Over the past four days, Ponni Sugars has seen a cumulative drop of 7.5%, reflecting ongoing challenges in its market position.

The stock's performance is further highlighted by its trading status, as it currently sits below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The broader sugar sector has also faced headwinds, with a decline of 2.45% noted today.

In terms of longer-term performance, Ponni Sugars has recorded a substantial decrease of 27.54% over the past year, contrasting sharply with the Sensex, which has gained 7.46% during the same period. This disparity underscores the challenges faced by Ponni Sugars in a competitive market landscape.
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