Bhandari Hosiery Exports Faces Continued Market Challenges Amid Significant Stock Volatility

Apr 25 2025 01:00 PM IST
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Bhandari Hosiery Exports Ltd faced notable volatility, hitting a new 52-week low during trading. The stock closed lower, continuing a downward trend over the past two days. It is currently trading below key moving averages, with a significant drop in delivery volume compared to recent averages.
Bhandari Hosiery Exports Ltd, a microcap player in the textile industry, has experienced significant volatility today, hitting its lower circuit limit with a low price of Rs. 4.36. The stock closed at Rs. 4.77, reflecting a decline of Rs. 0.68, or 12.48%, in its trading session. This marks a new 52-week low for the company, which has been underperforming compared to its sector, falling 10.1% against the textile industry's overall decline of 2.52%.

The stock has shown a consecutive downward trend, losing 13.92% over the past two days. Bhandari Hosiery is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained period of underperformance. Today's trading volume reached approximately 30.09 lakh shares, with a turnover of Rs. 1.42 crore. Notably, delivery volume has decreased significantly, down 52.1% compared to the 5-day average.

In summary, Bhandari Hosiery Exports Ltd's performance today reflects ongoing challenges within the market, as evidenced by its recent price movements and trading metrics.
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