Cheviot Company Hits 52-Week Low Amid Ongoing Textile Market Challenges
Cheviot Company, a microcap in the textile sector, has reached a new 52-week low, with its stock price declining over the past eight days. The company has underperformed its sector and is trading below various moving averages, reflecting ongoing challenges in the competitive market.
Cheviot Company, a microcap player in the textile industry, has reached a new 52-week low, with its stock price hitting Rs. 1203 on January 17, 2025. This decline marks a significant downturn, as the stock has fallen consecutively over the past eight days, resulting in a total decrease of 7.31% during this period. In terms of market performance, Cheviot Company has underperformed its sector by 0.51% today and is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past year, the company has recorded a performance decline of 15.49%, contrasting sharply with the Sensex, which has seen a positive return of 6.97%. The current status reflects ongoing challenges faced by Cheviot Company in the competitive textile market.
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