Shiva Mills Faces Significant Volatility Amidst Declining Textile Sector Performance

Feb 28 2025 10:06 AM IST
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Shiva Mills, a microcap textile company, has faced significant volatility, hitting a new 52-week low of Rs. 70. The stock has underperformed its sector and recorded a one-year decline of 23.83%, contrasting with the Sensex's modest gain, indicating challenges in a competitive market.
Shiva Mills, a microcap player in the textile industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 70. This decline marks a notable underperformance, as the stock has lagged behind its sector by 6.7%. Over the past four days, Shiva Mills has faced consecutive losses, accumulating a steep decline of 20.13% during this period.

Today's trading session saw the stock hit an intraday low of Rs. 70, reflecting an 8.5% drop. In terms of technical indicators, Shiva Mills is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in its price action.

Looking at the broader picture, Shiva Mills has recorded a one-year performance decline of 23.83%, contrasting sharply with the Sensex, which has gained 1.79% over the same timeframe. This performance highlights the challenges faced by the company in a competitive market environment.
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