SKF India Faces Significant Stock Decline Amid Broader Market Challenges

Apr 07 2025 09:46 AM IST
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SKF India’s stock has declined significantly, nearing its 52-week low. Despite outperforming its sector today, the company has experienced a downward trend over the past two days. Year-to-date, the stock has dropped over 20%, contrasting with the broader market's smaller decline. It currently offers a high dividend yield.
SKF India has experienced a significant decline today, with its stock price dropping by 5.39%. The company, which operates in the bearings industry, is now just 1.48% away from its 52-week low of Rs 3544. Today's performance saw SKF India outperform its sector, which fell by 5.87%, but it has been on a downward trend, losing 6.44% over the past two days.

The stock opened with a gap down of 3.12% and reached an intraday low of Rs 3569.95, reflecting a decrease of 5.24%. Currently, SKF India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its price action.

In the broader market, the Sensex has shown some recovery after a significant gap down opening, currently trading at 72,652.45, down 3.6%. SKF India's performance over various time frames reveals a year-to-date decline of 20.57% and a one-year drop of 20.93%, contrasting with the Sensex's more modest decline of 2.15% over the same period. The stock also boasts a high dividend yield of 3.58% at its current price.
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