Sundram Fasteners Faces Consecutive Declines Amid Broader Market Weakness

Jan 13 2025 09:45 AM IST
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Sundram Fasteners has seen significant trading activity, with a decline noted today. The stock is currently above its 52-week low but has experienced consecutive drops over the past two days. It is underperforming its sector and trading below key moving averages, indicating a bearish trend.
Sundram Fasteners, a prominent player in the fasteners industry, has experienced notable activity today, with a decline of 3.08% as of January 13, 2025. The stock is currently trading 3.28% above its 52-week low of Rs 1002.05, but has faced a consecutive drop over the past two days, totaling a decline of 2.72%.

On this trading day, Sundram Fasteners reached an intraday low of Rs 1033, reflecting a decrease of 2.69%. Performance metrics indicate that the company has underperformed its sector by 0.89%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

In the context of the broader market, Sundram Fasteners' one-day performance of -3.17% stands in contrast to the Sensex, which fell by 0.90%. Over the past month, the stock has seen a decline of 10.76%, compared to a 6.63% decrease in the Sensex.
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