Shrydus Industries Hits 52-Week Low Amidst Ongoing Market Challenges

Jan 13 2025 10:40 AM IST
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Shrydus Industries, a microcap in the finance and NBFC sector, has hit a new 52-week low, reflecting a significant downturn. The stock has declined consecutively over 12 days and has faced a substantial drop over the past year, underperforming compared to broader market indices.
Shrydus Industries, a microcap player in the finance and non-banking financial company (NBFC) sector, has reached a new 52-week low of Rs. 11.45 today, marking a significant downturn. The stock has underperformed its sector by 1.18% and has seen a consecutive decline over the past 12 days, totaling a drop of 23.15%.

Over the last year, Shrydus Industries has faced considerable challenges, with a decrease of 53.86%, in stark contrast to the Sensex's gain of 6.16%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These performance indicators highlight the ongoing difficulties the company is experiencing in the current market landscape.
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