Rajnish Wellness Hits 52-Week Low Amid Ongoing FMCG Sector Challenges
Rajnish Wellness, a microcap in the FMCG sector, has reached a new 52-week low, reflecting a significant decline. The stock has dropped 31.54% over the past ten days and 90.97% in the last year, contrasting sharply with the Sensex's gains, indicating ongoing challenges in the market.
Rajnish Wellness, a microcap player in the FMCG sector, has hit a new 52-week low of Rs. 1.02, marking a significant downturn for the stock. Today, it underperformed its sector by 5%, continuing a troubling trend with a total decline of 31.54% over the past ten days. Over the last year, Rajnish Wellness has faced a staggering decrease of 90.97%, in stark contrast to the Sensex, which has gained 5.55% during the same period. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a sustained period of underperformance. These metrics underscore the ongoing challenges the company faces in the competitive FMCG landscape.
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