Sanghi Industries' Stock Drops -7.24% Amidst Underperformance of Cement Sector

Mar 15 2024 02:15 PM IST
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On March 15, Sanghi Industries' stock saw a -7.24% decline, in line with the underperformance of the cement sector. The stock has been on a downward trend for the past three days, with a total decline of -17.3%. It is currently trading below all its moving averages, indicating a bearish trend.

Sanghi Industries, a smallcap cement company, saw a decline of -7.24% in its stock price on March 15, 2024. This drop was in line with the overall underperformance of the cement sector, with Sanghi Industries falling -6.01% below the sector's performance. The stock has been on a downward trend for the past three days, with a total decline of -17.3% during this period.

On March 15, Sanghi Industries' stock reached an intraday high of Rs 99.45, showing a 3.65% increase, but also touched an intraday low of Rs 89.1, representing a -7.14% decrease. The stock has been highly volatile throughout the day, with an intraday volatility of 6.77%, calculated from the weighted average price.

Currently, Sanghi Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock's performance.

In comparison to the overall market performance, Sanghi Industries' stock has underperformed the Sensex by -7.24% in just one day. Over the past month, the stock has seen a decline of -20.78%, while the Sensex has shown a slight increase of 0.93%.

Investors should take note of Sanghi Industries' recent decline in stock price and the overall underperformance of the cement sector. It is important to carefully consider all factors before making any investment decisions.
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