Why is Bannari Amm Spg. falling/rising?

Sep 24 2025 10:00 PM IST
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As of 24-Sep, Bannari Amman Spinning Mills Ltd's stock price is Rs. 26.64, down 1.15%, and has reached a 52-week low of Rs. 26.11. The stock has significantly underperformed its sector and the benchmark Sensex, with a year-to-date decline of 50.21% and a one-year return decrease of 56.80%.
As of 24-Sep, Bannari Amman Spinning Mills Ltd is experiencing a decline in its stock price, currently at Rs. 26.64, which reflects a decrease of Rs. 0.31 or 1.15%. The stock has hit a new 52-week low of Rs. 26.11 today and has underperformed its sector by 0.68%. Over the past five days, the stock has consistently fallen, resulting in a total decline of 5.73%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Year-to-date, the stock has seen a significant drop of 50.21%, while its one-year return stands at a decrease of 56.80%. Unfortunately, there is no information available regarding positive or negative factors that could explain the stock's recent movement.

In the broader market context, Bannari Amman Spinning Mills Ltd's performance has been notably worse than the benchmark Sensex, which has gained 4.58% year-to-date. Over the past week, the stock has declined by 5.77%, while the Sensex has only decreased by 1.18%, indicating that the stock is underperforming relative to the market. This disparity suggests that investor sentiment towards Bannari Amman Spinning Mills Ltd is weak, contributing to its ongoing price decline.
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