Lime Chemicals Hits 52-Week Low Amid Broader Market Gains and Ongoing Challenges
Lime Chemicals has recently hit a 52-week low, with its stock price at Rs 21.8. Over the past year, the stock has declined significantly, contrasting with the Sensex's gains. Despite outperforming its sector today, it remains below key moving averages, indicating ongoing challenges for the company.
Lime Chemicals, a microcap player in the chemicals industry, has recently reached a 52-week low, with its stock price recorded at Rs 21.8 on January 17, 2025. Currently, it is trading 3.11% above this low point. Over the past year, the stock has declined by 13.46%, contrasting sharply with the Sensex, which has gained 7.30% during the same timeframe.Despite today's trading activity, where Lime Chemicals outperformed its sector by 1.98%, the stock remains below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This performance highlights ongoing challenges for Lime Chemicals as it navigates a significant downturn compared to broader market trends.
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