Salzer Electronics Stock Plummets to New 52-Week Low at Rs. 677.25

Salzer Electronics, a small-cap player in the Other Electrical Equipment industry, has reached a new 52-week low of Rs. 677.25 today, marking a significant downturn for the stock. This decline comes after a week of consecutive losses, although the stock did experience a slight rebound, outperforming its sector by 1.36% today. The intraday high for Salzer Electronics was recorded at Rs. 706.85, reflecting a 3.12% increase from its previous close.
In terms of moving averages, Salzer Electronics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has underperformed significantly, with a decline of 34.40%, contrasting sharply with the Sensex, which has gained 4.75% during the same period.

Financial metrics reveal a challenging landscape for Salzer Electronics, with a debt-equity ratio of 8.19 times and a low debtors turnover ratio of 0.33 times. The company's recent quarterly results showed a 51.5% drop in profit after tax, further highlighting the difficulties it faces in the current market environment.