Suratwwala Business Group Faces Severe Volatility Amid Broader Sector Challenges

Feb 24 2025 09:36 AM IST
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Suratwwala Business Group, a microcap in construction and real estate, has hit a new 52-week low amid significant volatility, dropping over 60% in the last 11 trading days. The stock is underperforming its sector and is trading below all major moving averages, reflecting ongoing challenges.
Suratwwala Business Group, a microcap player in the construction and real estate sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 46.45. This decline marks a notable underperformance, with the stock trailing its sector by 3.39%. Over the past 11 consecutive trading days, Suratwwala has seen a staggering drop of 60.64%, reflecting ongoing challenges within the company.

The stock opened with a gap down of 4.91%, indicating a bearish sentiment among traders. Throughout the day, it has remained stagnant at this price point, with an intraday low matching the new 52-week benchmark. Furthermore, Suratwwala Business Group is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a persistent downward trend.

In the broader context, the construction and real estate sector has also faced headwinds, declining by 2.19%. Over the past year, Suratwwala's performance has been particularly concerning, with a decrease of 41.84%, contrasting sharply with the Sensex's modest gain of 2.17%.
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