Wendt India Shares Hit 52-Week Low Amid Broader Market Weakness

Mar 03 2025 06:00 PM IST
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Wendt India, a small-cap company in the abrasives sector, has seen its shares decline significantly, reaching a new 52-week low. The stock has underperformed against its sector and is currently trading below multiple moving averages, reflecting a bearish trend. The broader market also shows signs of weakness.
Wendt India, a small-cap player in the abrasives industry, has experienced significant downward movement today, with shares declining by 7.39%. This drop marks a new 52-week low of Rs. 8,812, reflecting a broader trend of underperformance against its sector, where it lagged by 6.58%. Over the past two days, the stock has seen a cumulative decline of 12.67%.

The volatility in Wendt India's stock has been notable, with an intraday volatility of 6.36%. Currently, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its price action.

In the context of the broader market, the Nifty index closed at 22,119.30, down slightly by 0.02%. The Nifty is currently trading near its 52-week low and has seen a decline of 3.53% over the past three weeks. In contrast, large-cap stocks are showing resilience, with the Nifty Next 50 gaining 1.02% today. Wendt India's performance over various time frames has been stark, with a year-to-date decline of 46.54% compared to the Sensex's 6.47%.
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