Simbhaoli Sugars Hits 52-Week Low Amidst Decline in Sugar Industry

Simbhaoli Sugars, a microcap company in the sugar industry, has recently hit a 52-week low on October 21, 2024. The stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a negative outlook for the company.

On the day of the 52-week low, the stock price of Simbhaoli Sugars touched Rs. 23.05, underperforming the sector by -1.74%. The stock also saw high volatility, with an intraday volatility of 5.72% calculated from the weighted average price.

In addition, Simbhaoli Sugars is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in the stock price.

The sugar industry as a whole has also seen a decline, with a fall of -2.26%. This could be attributed to various factors such as oversupply, low demand, and government policies.

In comparison to the Sensex, Simbhaoli Sugars has underperformed with a -25.47% performance in the past year, while the Sensex has seen a positive growth of 24.09%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative tone for readers interested in the current performance of Simbhaoli Sugars in the stock market.