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 amidst a broader market context where the Sensex has shown positive movement, currently trading at 84,716.55, up by 0.18%. Despite the overall market's upward trend, Shekhawati Industries has struggled, with a one-year performance down by 55.11%, starkly contrasting the Sensex's gain of 9.20% over the same period.
The stock has recently outperformed its sector by 2.3%, indicating a brief reversal after two consecutive days of decline. However, it remains below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, reflecting ongoing challenges in its performance metrics. The company has reported negative results for the last four quarters, with net sales plummeting by 82.55% in the latest six months. Additionally, its high debt-to-EBITDA ratio and declining profitability further underscore the difficulties facing Shekhawati Industries in the current market landscape.