Super Sales India Hits 52-Week Low Amid Broader Textile Sector Challenges
Super Sales India, a microcap textile company, has hit a new 52-week low, with its stock price declining for seven consecutive days. The company has underperformed the market over the past year, while the broader textile sector has also faced challenges, reflecting a bearish outlook.
Super Sales India, a microcap player in the textile industry, has reached a new 52-week low, with its stock price hitting Rs. 1162 on January 13, 2025. The stock has been on a downward trajectory, declining for seven consecutive days and experiencing a total drop of 13.93% during this period. Although it opened with a gain of 2.95% today, it only reached an intraday high of Rs. 1205.55.In terms of broader performance, Super Sales India has underperformed the market, showing a one-year decline of 19.22%, while the Sensex has gained 5.89%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reinforcing a bearish outlook. The textile sector overall has also faced challenges, with a decline of 2%.
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