Rexnord Electronics Hits 52-Week Low Amid Declining Profit and Bearish Trends

Rexnord Electronics & Controls has experienced significant activity today, hitting a new 52-week low of Rs. 80.1. The stock has underperformed its sector by 0.62%, marking a consecutive decline over the past two days with a total drop of 4.57%. Despite opening with a gain of 2.43%, the stock reached an intraday high of Rs. 83.2 before retreating.
In terms of performance metrics, Rexnord's one-year return stands at -31.44%, contrasting sharply with the Sensex's decline of just 1.28% over the same period. The company's net sales have grown at an annual rate of 9.30%, while operating profit has increased by 6.65% over the last five years. However, recent financial results indicate a decline, with a -35.89% drop in profit after tax for the half-year ending December 2024.

Rexnord's technical indicators suggest a bearish trend, with the stock trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. On a positive note, promoter confidence appears to be rising, as they have increased their stake by 4.11% in the last quarter, now holding 73.41% of the company.