Sri Nachammai Cotton Mills Hits New 52-Week Low at Rs. 30.3

Sri Nachammai Cotton Mills has reached a significant milestone by hitting a 52-week low of Rs. 30.3 today, marking a notable decline in its stock performance. This drop comes as the company continues to face challenges, with its stock underperforming the sector by 5.12%. The stock experienced an intraday low of Rs. 30.3, reflecting a decrease of 9.71% during trading.
Over the past year, Sri Nachammai Cotton Mills has seen a decline of 13.57%, contrasting sharply with the Sensex, which has gained 5.74% in the same period. The company's performance metrics indicate it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a persistent downward trend.

The company has reported operating losses and a high debt-to-equity ratio of 2.44 times, indicating financial strain. Additionally, net sales have decreased at an annual rate of 11.70%, further highlighting the challenges faced by the company in the garments and apparels industry. As the market continues to evolve, Sri Nachammai Cotton Mills remains under scrutiny for its financial health and operational performance.