Cello World Hits 52-Week Low Amidst Ongoing FMCG Sector Challenges
Cello World, a midcap FMCG company, has hit a new 52-week low, trading at Rs. 676. The stock has dropped 11.58% over the past nine days and is currently below all key moving averages. Over the last year, its performance has declined by 25.15%, contrasting with the Sensex's gains.
Cello World, a midcap player in the fast-moving consumer goods (FMCG) sector, has reached a new 52-week low, with its stock price hitting Rs. 676 on January 15, 2025. This decline represents a significant downturn for the company, which has underperformed the sector by 0.87% today. Over the past nine trading days, Cello World has seen a notable drop of 11.58%.Despite opening with a 2% gain today, the stock only managed to reach an intraday high of Rs. 698. Currently, Cello World is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the company's performance has declined by 25.15%, contrasting sharply with the Sensex, which has gained 4.51% during the same period. These metrics highlight the ongoing challenges faced by Cello World in the competitive FMCG landscape.
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