Simbhaoli Sugars Faces Significant Volatility Amid Broader Sugar Sector Decline in October 2023

Feb 12 2025 11:05 AM IST
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Simbhaoli Sugars has faced significant volatility, reaching a new 52-week low amid a four-day losing streak. Despite outperforming its sector today, the stock is trading below key moving averages and has declined 49.05% over the past year, contrasting with the Sensex's gains.
Simbhaoli Sugars, a microcap player in the sugar industry, has experienced significant volatility, hitting a new 52-week low of Rs. 16.33 today. This decline marks a notable downturn, as the stock has been on a consecutive four-day losing streak, resulting in a total drop of 10.23% during this period.

In terms of performance, Simbhaoli Sugars has outperformed its sector by 0.82% today, despite the broader sugar industry facing a decline of 3.17%. However, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its short to long-term performance.

Over the past year, Simbhaoli Sugars has seen a substantial decline of 49.05%, contrasting sharply with the Sensex, which has gained 6.48% in the same timeframe. These metrics highlight the challenges faced by Simbhaoli Sugars in a competitive market environment, reflecting broader trends within the sugar sector.
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