Triveni Engineering Faces Continued Decline Amid Broader Sugar Sector Challenges
Triveni Engineering and Industries, a midcap sugar company, experienced a decline of 5.29% on January 13, 2025, marking its second consecutive day of losses. The stock is trading below key moving averages, reflecting a bearish trend, while the broader sugar sector also faces challenges.
Triveni Engineering and Industries, a midcap player in the sugar industry, has seen a notable decline of 5.29% on January 13, 2025, marking its second consecutive day of losses with a total drop of 10.14% over this period. The stock opened the day with a gap down of 4.22% and reached an intraday low of Rs 381.3, reflecting a decrease of 6.83%. Currently, Triveni is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The broader sugar sector is also facing challenges, with an overall decline of 3.61%. Over the past month, Triveni's performance has been particularly weak, showing a decrease of 15.69%, in contrast to a 6.67% drop in the Sensex. This underperformance highlights the stock's struggles within a challenging market environment.
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