Vidhi Specialty Food Ingredients Hits Day Low Amid Price Pressure at Rs 321.9
Vidhi Specialty Food Ingredients has faced a notable decline, reaching a new 52-week low amid a bearish trend. The stock has underperformed its sector and is trading below key moving averages. Over the past month, it has dropped significantly, contrasting with the broader market's relatively stable performance.
Vidhi Specialty Food Ingredients has experienced a significant decline today, with the stock dropping by 7.03%. The company, which operates in the specialty chemicals sector, reached a new 52-week low of Rs 321.9, marking an intraday low that reflects a decrease of 4.89%. This downturn comes after a brief period of gains, as the stock has fallen following two consecutive days of increases.In terms of performance metrics, Vidhi Specialty has underperformed its sector, which includes Dyes & Pigments, by 2.14%. The stock 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 month, Vidhi Specialty has seen a decline of 9.74%, while its year-to-date performance shows a significant drop of 40.41%.
In the broader market context, the Sensex is also facing challenges, trading at 83,360.68, down 0.12% after a flat opening. Despite these fluctuations, the Sensex remains close to its 52-week high, reflecting a contrasting performance compared to Vidhi Specialty Food Ingredients.
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