Shri Dinesh Mills Hits 52-Week Low Amid Ongoing Market Challenges

Jan 13 2025 09:36 AM IST
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Shri Dinesh Mills, a microcap textile company, has reached a new 52-week low, with its stock price declining over the past two days. The stock is currently trading below multiple moving averages and has experienced a significant drop over the past year, contrasting with the positive performance of the Sensex.
Shri Dinesh Mills, a microcap player in the textile industry, has reached a new 52-week low, with its stock price hitting Rs. 375.05 on January 13, 2025. This decline continues a downward trend, as the stock has fallen consecutively over the past two days, resulting in a total drop of 2.36%.

On the trading day, the stock opened with a gap down of 3.65%, reflecting a challenging market environment, and touched an intraday low of Rs. 375.05. Currently, Shri Dinesh Mills is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite these struggles, the company offers a high dividend yield of 7.71% at the current price. Over the past year, the performance of Shri Dinesh Mills has declined by 23.45%, contrasting sharply with the Sensex, which has seen a positive return of 5.77% during the same period.
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