Affle India Experiences Continued Stock Decline Amid Broader Market Weakness

Jan 13 2025 11:35 AM IST
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Affle India experienced a decline on January 13, 2025, continuing a downward trend over the past four days. The stock underperformed its sector and has seen a significant drop over the last month, while its moving averages indicate mixed trends in short-term and long-term performance.
Affle India, a key player in the telecommunications equipment sector, faced a decline of 3.24% on January 13, 2025, continuing a downward trend that has seen the stock lose 11.19% over the past four days. On this day, it opened with a gap down of 2.16% and reached an intraday low of Rs 1546, marking a decrease of 3.41%.

In terms of performance metrics, Affle India underperformed its sector by 3.16%. Over the last month, the stock has experienced a notable drop of 12.94%, while the broader Sensex index fell by 6.48% during the same timeframe.

Currently, the stock's moving averages reveal that it is trading above its 200-day moving average but below the 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed short-term and long-term trends.
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