Recent Price Performance and Market Sentiment
The stock hit a new 52-week low of ₹42.2 during intraday trading, reflecting sustained selling pressure. Over the past week, Anik Industries has declined by 16.88%, significantly underperforming the Sensex’s modest 1.69% loss. The year-to-date performance is similarly weak, with the stock down 20.48% compared to the Sensex’s 1.87% fall. This downward momentum has persisted for seven consecutive trading days, resulting in a cumulative loss of 17.63% during this period.
Technical indicators reinforce the bearish sentiment. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained downtrend. Additionally, the weighted average price suggests th...
Read full news article













