Spandana Sphoorty Financial Hits 52-Week Low Amid Sustained Bearish Trend

Dec 24 2024 12:35 PM IST
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Spandana Sphoorty Financial has experienced a revision in its score, reflecting ongoing challenges in the market. The stock recently hit a new 52-week low and has underperformed significantly compared to its sector. Additionally, it has been added to MarketsMojo's list, indicating heightened scrutiny from analysts.
Spandana Sphoorty Financial, a small-cap player in the finance and non-banking financial company (NBFC) sector, has recently reached a new 52-week low, with its stock price hitting Rs. 309.55 on December 24, 2024. This decline marks a significant downturn, as the stock has underperformed its sector by 2.34% today and has experienced a consecutive fall over the past week, resulting in a total drop of 16.92%.

Intraday trading saw the stock reach a high of Rs. 326.45, reflecting a modest increase of 2.37% at its peak. However, the overall trend remains concerning, with Spandana Sphoorty trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trajectory.

Over the past year, Spandana Sphoorty Financial has faced a staggering decline of 70.06%, contrasting sharply with the Sensex, which has recorded a gain of 10.61% during the same period. This performance highlights the challenges faced by the company in the current market landscape.
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