Zenlabs Ethica Hits 52-Week Low Amid Broader Market Resilience and Sector Challenges

Jan 14 2025 10:05 AM IST
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Zenlabs Ethica, a microcap in the finance and NBFC sector, has hit a new 52-week low, with a notable one-year performance decline. Despite this, the stock showed some resilience on the trading day, outperforming its sector, though it remains below key moving averages, indicating ongoing challenges.
Zenlabs Ethica, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently reached a new 52-week low, with its stock price hitting Rs. 35 on January 14, 2025. This decline represents a significant downturn, as the company has experienced a one-year performance drop of 19.31%, in stark contrast to the Sensex's positive performance of 5.53% during the same timeframe.

On the trading day, Zenlabs Ethica's stock showed some resilience, outperforming its sector by 1.86%. The stock recorded an intraday high of Rs. 37.8, reflecting a gain of 3.56%, while it also saw a low of Rs. 35, indicating a decrease of 4.11%. Currently, Zenlabs Ethica is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a prevailing bearish trend in its stock performance. The challenges faced by the company are evident in its recent performance metrics.
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