Uni Abex Alloy Products Faces Significant Market Challenges Amidst Declining Stock Performance

Feb 17 2025 10:05 AM IST
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Uni Abex Alloy Products has faced significant volatility, reaching a new 52-week low today. The stock has declined consecutively over the past two days and is trading below all key moving averages. Over the past year, it has underperformed compared to the broader market, reflecting ongoing challenges.
Uni Abex Alloy Products, a microcap player in the castings and forgings industry, has experienced significant volatility today, hitting a new 52-week low of Rs. 2051. This decline marks a notable underperformance, with the stock trailing its sector by 4.69%. Over the past two days, Uni Abex has seen a consecutive fall, accumulating a total decline of 10.36%.

Today's trading session opened with a gap down, reflecting a loss of 6%. The stock reached an intraday low of Rs. 2051, representing a decrease of 6.77% from the previous close. In terms of moving averages, Uni Abex Alloy is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Over the past year, the performance of Uni Abex Alloy Products has been disappointing, with a decline of 29.84%, contrasting sharply with the Sensex, which has gained 4.06% during the same period. These metrics highlight the challenges faced by the company in the current market landscape.
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