Shrydus Industries Hits 52-Week Low Amid Prolonged Underperformance in NBFC Sector

Shrydus Industries, a microcap player in the finance and non-banking financial company (NBFC) sector, has reached a new 52-week low of Rs. 10.79 as of January 16, 2025. The stock is currently on a downward trajectory, underperforming its sector by 4.14% today and marking a significant decline of 27.58% over the past 15 days. In terms of moving averages, Shrydus Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a prolonged period of underperformance. Over the last year, the stock has decreased by 51.74%, in stark contrast to the Sensex, which has gained 5.28%. While the broader finance and NBFC sector has shown some resilience with a recent gain of 2.14%, Shrydus Industries continues to face significant challenges, making its stock performance a key point of interest for market watchers.