SEL Manufacturing Company Hits 52-Week Low Amid Significant Stock Decline

Jan 14 2025 01:05 PM IST
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SEL Manufacturing Company has reached a new 52-week low, with its stock price declining significantly over the past eight days. The company has underperformed its sector and is trading below various moving averages. Over the past year, its stock has dropped substantially, contrasting with the overall market performance.
SEL Manufacturing Company, a microcap player in the textile industry, has reached a new 52-week low, with its stock price hitting Rs. 36.51 on January 14, 2025. This decline marks a significant downturn, as the stock has fallen consecutively over the past eight days, resulting in a total drop of 22.24%.

In terms of market performance, SEL Manufacturing Company has underperformed its sector by 1.02% today. The stock is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past year, the company's stock has seen a substantial decline of 58.62%, contrasting sharply with the Sensex, which has recorded a gain of 5.40% during the same timeframe. The ongoing challenges faced by the company are evident in its current market position.
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