Sandhar Technologies Hits 52-Week Low Amid Broader Auto Ancillary Sector Decline

Sandhar Technologies Limited, a small-cap player in the auto ancillary sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 372.15. This decline marks a notable underperformance, as the stock has fallen by 17.33% over the past six consecutive trading days. Today, it opened with a gap down of 2.05% and hit an intraday low of Rs. 372.15, reflecting a decrease of 4.58% at its lowest point.
In terms of technical indicators, Sandhar Technologies is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a sustained downward trend. The broader auto ancillary sector has also faced challenges, with a decline of 2.9% today. Over the past year, Sandhar Technologies has seen a performance drop of 23.72%, contrasting sharply with the Sensex, which has gained 5.43% during the same period. This performance highlights the ongoing challenges faced by the company within a competitive market landscape.