Sterlite Technologies Hits New Low Amid Ongoing Market Struggles and Sector Underperformance
Sterlite Technologies has faced notable volatility, hitting a new 52-week low amid a six-day losing streak. The stock has underperformed its sector and is trading below key moving averages, reflecting ongoing challenges in its performance over the past year compared to broader market trends.
Sterlite Technologies, a midcap player in the cable industry, has experienced significant volatility today, marking a new 52-week low of Rs. 102.4. This decline comes as the stock has underperformed its sector by 1.64%, continuing a downward trend with six consecutive days of losses, totaling a decline of 7.58% over this period. Intraday trading saw the stock reach a low of Rs. 102.4, reflecting a decrease of 3.85% from the previous close. The company's performance over the past year has been notably challenging, with a decline of 24.71%, contrasting sharply with the Sensex, which has gained 7.29% during the same timeframe.
Additionally, Sterlite Technologies is currently trading below its moving averages across various timeframes, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These indicators suggest a persistent struggle in maintaining upward momentum in the market.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
