Shalimar Paints Faces Continued Stock Volatility Amid Sector Underperformance

Feb 11 2025 03:30 PM IST
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Shalimar Paints Ltd. has faced notable stock volatility, experiencing a decline of 7.09% on February 11, 2025, extending a two-day losing streak. The stock has underperformed its sector and the Sensex, with mixed signals from moving averages indicating varying trends in short-term and long-term performance.
Shalimar Paints Ltd., a small-cap player in the paints industry, has experienced significant volatility in its stock performance today, reporting a decline of 7.09% as of February 11, 2025. This downturn marks a continuation of a two-day losing streak, with the stock down a total of 7.1% during this period.

Opening the day with a gap down of 2.27%, Shalimar Paints reached an intraday low of Rs 126, reflecting a decrease of 6.42%. In terms of market performance, the stock has underperformed its sector by 4.86%, with a one-day performance of -7.17% compared to the Sensex's decline of 1.32%. Over the past month, Shalimar Paints has also lagged, showing a decrease of 4.14% against the Sensex's modest drop of 1.41%.

Analyzing moving averages, the stock is currently positioned higher than its 100-day moving average but remains below the 5-day, 20-day, 50-day, and 200-day moving averages, indicating mixed short-term and long-term trends.
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