Shrydus Industries Stock Plummets to New 52-Week Low at Rs. 3.71

Shrydus Industries, a microcap player in the Non-Banking Financial Company (NBFC) sector, has reached a new 52-week low of Rs. 3.71 today, marking a significant downturn for the stock. This decline comes as the company has underperformed its sector by 3% and has experienced a consecutive fall over the last two days, resulting in a total drop of 6.95% during this period.
The stock's performance over the past year has been notably poor, with a staggering decline of 81.51%, contrasting sharply with the Sensex's positive performance of 7.26% in the same timeframe. Shrydus Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.

Despite the challenges reflected in its stock price, the company reported higher net sales of Rs. 35.29 crore and a profit after tax of Rs. 4.62 crore for the nine-month period ending June 25. With a return on equity of 16.4 and a price-to-book value of 0.3, Shrydus Industries is trading at a discount compared to its peers, although its long-term fundamental strength appears weak.