Puretrop Fruits Faces Increased Volatility Amid Continued Downward Trend in FMCG Sector
Puretrop Fruits, a microcap in the FMCG sector, hit a new 52-week low today, continuing a downward trend. The stock has underperformed its sector and recorded a significant decline over the past year, contrasting with the Sensex's gains. Intraday trading showed notable volatility, highlighting ongoing market challenges.
Puretrop Fruits, a microcap player in the FMCG sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 120. This decline marks a continuation of a downward trend, with the stock underperforming its sector by 0.94% and recording a total drop of 3.74% over the past two days. During intraday trading, Puretrop Fruits peaked at Rs. 133.7, reflecting an 8.74% increase from its earlier low. However, the stock's performance remains concerning, as it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
Over the past year, Puretrop Fruits has seen a decline of 25.17%, contrasting sharply with the Sensex, which has gained 3.75% in the same period. The stock's high volatility today, with an intraday fluctuation of 5.4%, further underscores the challenges it faces in the current market environment.
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