Som Distilleries Faces Continued Stock Decline Amid Broader Market Challenges
Som Distilleries & Breweries has faced a notable decline in stock performance, dropping for two consecutive days and underperforming against its sector. The stock is trading below multiple moving averages and has decreased significantly over the past month, indicating ongoing challenges in the market.
Som Distilleries & Breweries has experienced a significant decline in its stock performance today, with a drop of 8.16% as of February 17, 2025. This downturn marks a continuation of a negative trend, as the stock has now fallen for two consecutive days, resulting in a total decline of 6.95% during this period. In terms of market positioning, Som Distilleries has underperformed compared to its sector, lagging by 5.66%. The stock reached an intraday low of Rs 104.45, reflecting a decrease of 6.82% at its lowest point. Additionally, the company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trajectory.
Over the past month, Som Distilleries has recorded a decline of 5.88%, while the broader Sensex index has only decreased by 1.58%. This performance highlights the challenges faced by the company in the current market environment.
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