Superhouse Ltd Faces Pressure Amid Leather Industry Decline and 52-Week Low Approach

Superhouse Ltd, a microcap player in the leather industry, has experienced significant activity today, particularly as it approaches a 52-week low. The stock is currently trading just 0.27% above its 52-week low of Rs 182.5, which it reached on January 28, 2025.
Today, Superhouse outperformed its sector by 6.03%, despite a challenging backdrop where the leather industry has seen a decline of 7.61%. However, the stock has faced consecutive losses over the past two days, resulting in a total drop of 5.18% during this period.

The stock opened at Rs 183 and has remained at this level throughout the trading session. Notably, Superhouse is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its short to long-term performance. Over the past year, Superhouse has recorded a decline of 27.97%, contrasting sharply with the Sensex, which has gained 7.15% during the same timeframe.