Sakthi Sugars Hits 52-Week Low Amid Broader Sugar Sector Challenges

Jan 13 2025 01:35 PM IST
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Sakthi Sugars has reached a new 52-week low, with its stock price declining significantly. The company has underperformed its sector and recorded a cumulative drop over the past four days. Its stock remains weak, trading below various moving averages, amid broader challenges in the sugar sector.
Sakthi Sugars, a microcap player in the sugar industry, has reached a new 52-week low, with its stock price falling to Rs. 26.75 on January 13, 2025. This decline highlights a significant downturn for the company, which has underperformed its sector by 1.69% today. Over the last four days, the stock has seen a cumulative drop of 11.06%.

The stock's performance remains weak, trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. On this day, it recorded an intraday low of Rs. 26.75, reflecting a decrease of 5.98%.

In the broader market context, the sugar sector is also facing challenges, with an overall decline of 3.98%. Over the past year, Sakthi Sugars has experienced a performance drop of 7.22%, contrasting sharply with the Sensex, which has gained 5.58% during the same timeframe.
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