Resonance Specialities Faces Continued Volatility Amid Broader Chemicals Sector Decline

Jan 28 2025 11:05 AM IST
share
Share Via
Resonance Specialities, a microcap in the chemicals sector, has faced significant volatility, hitting a new 52-week low. The stock has dropped 14.21% over three days and is trading below key moving averages, reflecting ongoing market challenges and a year-long decline of 20.37%, contrasting with broader sector trends.
Resonance Specialities, a microcap player in the chemicals industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 85. This decline marks a continuation of a downward trend, with the stock underperforming its sector by 0.41%. Over the past three days, Resonance Specialities has seen a cumulative drop of 14.21%, reflecting ongoing challenges in its market position.

Intraday trading revealed a high of Rs. 93.5, representing a 5.87% increase, but this was overshadowed by the stock's low of Rs. 85, which reflects a 3.76% decrease from the previous close. Notably, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In the broader chemicals sector, there has been a decline of 2.39%, further highlighting the challenges faced by Resonance Specialities. Over the past year, the company's performance has been notably weak, with a decline of 20.37%, contrasting sharply with the Sensex's gain of 7.16%.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News