SPL Industries Faces Significant Challenges Amidst Textile Sector Decline and Volatility

Apr 07 2025 10:14 AM IST
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SPL Industries, a microcap textile firm, has faced notable volatility, reaching a new 52-week low. The stock has underperformed its sector and has seen a significant decline over the past year. Financial metrics indicate ongoing struggles, including operating losses and low return on capital employed.
SPL Industries, a microcap player in the textile industry, has experienced significant volatility today, hitting a new 52-week low of Rs. 30.49. The stock has underperformed its sector by 1.67% and has seen a consecutive decline over the past two days, with an overall drop of 8.23%. Opening with a loss of 8.53%, it reached an intraday low of Rs. 30.49, reflecting a decrease of 10.32% at one point.

In terms of moving averages, SPL Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The textile sector itself has also faced challenges, declining by 5.48%. Over the past year, SPL Industries has reported a staggering 50.49% loss, contrasting sharply with the Sensex's decline of only 2.51%.

Financial metrics reveal ongoing struggles, with operating losses and a net sales figure of Rs. 26.74 crore, marking a significant downturn. The company's return on capital employed (ROCE) stands at a low 8.78%, further highlighting its weak long-term fundamental strength.
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