Salzer Electronics Stock Plummets to New 52-Week Low at Rs. 758.25

Salzer Electronics, a small-cap player in the Other Electrical Equipment industry, has reached a new 52-week low of Rs. 758.25 today, marking a significant point in its trading history. This decline comes after the stock opened with a loss of 2.62%, reflecting a challenging market environment. Despite this downturn, Salzer Electronics has shown some resilience, outperforming its sector by 0.35% and achieving a modest gain of 0.6% over the past two days.
The stock's performance over the past year has been underwhelming, with a decline of 14.59%, compared to a 5.67% drop in the Sensex. Salzer Electronics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's debt-equity ratio stands at 0.77, the highest in its history, and it reported an interest expense of Rs. 12.10 crore in its latest quarter.

While the stock is trading at a discount compared to its peers, the limited interest from domestic mutual funds, holding only 0.02%, suggests a cautious sentiment towards its valuation and business outlook.