Shekhawati Industries Hits New 52-Week Low at Rs. 18.87

Shekhawati Industries, a microcap player in the Garments & Apparels sector, has reached a new 52-week low of Rs. 18.87 today, marking a significant downturn for the stock. This decline comes as the company has faced a challenging year, with its stock price plummeting by 55.11% over the past year, contrasting sharply with the Sensex's positive performance of 9.20% during the same period.
Despite today's performance, where Shekhawati Industries outperformed its sector by 2.3%, the stock continues to trade below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The company has reported negative results for the last four consecutive quarters, with net sales declining by 82.55% in the latest six months and a significant drop in profits of 64.87% over the past nine months.

The stock's fundamentals reveal a weak long-term outlook, highlighted by a -17.38% CAGR growth in net sales over the last five years and a high debt-to-EBITDA ratio of -1.00 times. As Shekhawati Industries navigates these financial challenges, its current market position reflects a stark contrast to the broader market trends.