Jai Corp Hits 52-Week Low Amid Sustained Downward Trend in Textile Sector
Jai Corp, a small-cap textile company, has reached a new 52-week low, with its stock price declining significantly over the past eight days. The company has seen a 62.56% drop in stock value over the past year, contrasting sharply with the overall market's performance.
Jai Corp, a small-cap player in the textile industry, has reached a new 52-week low, with its stock price hitting Rs. 141.55 on January 20, 2025. This decline represents a significant downturn for the company, which has underperformed its sector by 5.14% today. Over the past eight days, Jai Corp's stock has consistently fallen, resulting in a total decline of 30.25% during this period.The stock's performance over the past year has been particularly disappointing, with a decrease of 62.56%, in stark contrast to the Sensex, which has gained 7.32% in the same timeframe. Currently, Jai Corp is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. The stock touched an intraday low of Rs. 141.55, reflecting a decline of 4.55% for the day. As the company navigates these challenges, its stock performance continues to attract market attention.
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