Ideaforge Technology Hits New Low Amid Ongoing Market Volatility and Decline

Feb 18 2025 11:57 AM IST
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Ideaforge Technology has faced notable volatility, hitting a new 52-week low of Rs. 366.8 after nine consecutive days of decline, totaling a 19.88% drop. The stock has significantly underperformed its sector and recorded a substantial loss of 47.23% over the past year, contrasting with the Sensex's gains.
Ideaforge Technology, a small-cap player in the Electronics - Components sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 366.8. This marks a notable decline, as the stock has been on a downward trajectory for the past nine consecutive days, resulting in a total drop of 19.88% during this period.

Despite opening with a slight gain of 2.05%, the stock quickly fell, hitting an intraday low of Rs. 366.8, which represents a decrease of 4.32% from the previous close. The highest point of the day saw the stock reach Rs. 391.2.

In terms of performance metrics, Ideaforge Technology has underperformed its sector, which has seen a decline of 2.74%. Over the past year, the stock has recorded a substantial loss of 47.23%, contrasting sharply with the Sensex, which has gained 4.55%. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.
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