Bajaj Electricals Faces Sustained Stock Decline Amid Broader Consumer Durables Challenges

Jan 22 2025 01:05 PM IST
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Bajaj Electricals has encountered significant stock challenges, hitting a new 52-week low amid a broader sector decline. The company's shares have underperformed recently, with a notable cumulative drop over the past week. Additionally, the stock is trading below key moving averages, reflecting ongoing downward pressure.
Bajaj Electricals, a midcap player in the consumer durables sector, has faced significant challenges in its stock performance, with shares declining by 5.11% on January 22, 2025, reaching a new 52-week low of Rs. 650.9. This decline is part of a broader trend, as the stock has underperformed its sector by 2.3% and has seen a cumulative drop of 12.92% over the past six days.

The stock's intraday low of Rs. 650.9 reflects a decrease of 4.98% during the trading session, and it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. The consumer durables sector overall has also faced difficulties, with a decline of 2.47%.

In the context of broader market performance, Bajaj Electricals recorded a 1-day decline of 4.64%, while the Sensex experienced a slight increase of 0.09%. Over the past month, the company's stock has fallen by 15.59%, contrasting with the Sensex's decline of 2.74%.
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