Semac Consultants Faces Continued Volatility Amid Broader Industry Downturn

Semac Consultants, a microcap player in the engineering and industrial equipment sector, has experienced significant volatility today, hitting a new 52-week low of Rs. 275. This decline marks a continuation of a challenging trend, as the stock has now fallen for eight consecutive days, resulting in a total drop of 24.97% during this period.
Today's performance saw Semac Consultants underperforming its sector by 1.71%, with the broader engineering and industrial equipment industry also facing a downturn, down 3.08%. The stock opened with a gap down of 2.77%, reflecting ongoing market pressures. Throughout the trading session, Semac touched an intraday low of Rs. 275, representing a decline of 4.63% from the previous close.

In terms of technical indicators, Semac Consultants is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a persistent bearish trend. Over the past year, the stock has seen a staggering decline of 88.98%, contrasting sharply with the Sensex, which has gained 7.49% during the same timeframe.