Sanghvi Movers Hits New 52-Week Low Amid Continued Stock Decline

Sanghvi Movers, a small-cap player in the engineering sector, has recently reached a new 52-week low, with its stock price hitting Rs. 300 on December 30, 2024. This decline marks a significant downturn for the company, which has seen its stock underperform the sector by 1.59% today. Over the past two days, Sanghvi Movers has experienced a consecutive fall, resulting in a total decline of 2.38%. The stock's performance has been consistently below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging market position. Over the past year, Sanghvi Movers has faced a notable decline of 25.96%, contrasting sharply with the Sensex, which has gained 8.96% during the same period. The company's current trajectory raises questions about its resilience in a competitive landscape, as it navigates these financial challenges.