Recent Price Movement and Technical Indicators
The stock hit a new 52-week low of ₹23.8 on 19-Jan, signalling sustained downward pressure. Over the past two trading sessions, KCP Sugar & Industries has recorded a consecutive fall, losing 5.06% in value. This short-term decline is compounded by the stock trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such a technical setup typically indicates bearish momentum and suggests that investor sentiment remains subdued.
Comparative Performance Against Benchmarks
When analysing returns relative to the benchmark Sensex, KCP Sugar & Industries has significantly underperformed. Over the last week, the stock declined by 3.29%, compared to a m...
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