Adani Wilmar Hits 52-Week Low Amid Ongoing FMCG Sector Challenges

Jan 24 2025 01:05 PM IST
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Adani Wilmar has faced significant volatility, hitting a new 52-week low and continuing a downward trend with a notable decline over the past year. Despite a brief intraday peak, the stock remains below key moving averages, reflecting ongoing challenges in the competitive FMCG sector.
Adani Wilmar, a prominent player in the FMCG sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 257.5. This decline marks a continued downward trend, as the stock has underperformed its sector by 1.88% and has seen a consecutive fall over the past three days, resulting in a total drop of 3.84% during this period.

Intraday trading saw the stock peak at Rs. 267.4, reflecting a modest increase of 2.24% from earlier levels. However, despite this brief uptick, Adani Wilmar remains below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging market position.

Over the past year, Adani Wilmar has faced a notable decline of 26.27%, contrasting sharply with the Sensex, which has gained 7.74% in the same timeframe. This performance highlights the ongoing challenges faced by the company within the competitive FMCG landscape.
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