Bhandari Hosiery Exports Faces Ongoing Challenges Amidst Textile Market Volatility

Mar 03 2025 09:37 AM IST
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Bhandari Hosiery Exports, a microcap textile firm, has hit a new 52-week low amid significant volatility, underperforming its sector. The stock has declined consecutively over three days and is trading below all major moving averages, reflecting ongoing challenges in a competitive market and a substantial year-over-year performance drop.
Bhandari Hosiery Exports, a microcap player in the textile industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 4.92. This decline marks a notable downturn, as the stock has underperformed its sector by 0.83%. Over the past three days, Bhandari Hosiery has seen a consecutive fall, with returns plummeting by 13.69%.

In terms of moving averages, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent downward trend. Over the past year, Bhandari Hosiery Exports has faced a challenging market environment, with a performance decline of 44.29%, significantly underperforming compared to the Sensex, which has only dipped by 0.68%.

These metrics highlight the ongoing struggles faced by Bhandari Hosiery Exports in a competitive textile market, reflecting broader industry challenges and the company's current market position.
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