Longview Tea Company Faces Sustained Downward Trend Amid Market Volatility in October 2023
Longview Tea Company has faced notable volatility, hitting a new 52-week low of Rs. 31.99 and trailing its sector significantly. The stock has declined consecutively over three days, with a total loss of 10.71%. Its performance over the past year contrasts sharply with broader market gains.
Longview Tea Company, a microcap player in the trading industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 31.99. This decline marks a notable underperformance, with the stock trailing its sector by 6.22%. Over the past three days, Longview Tea has seen a consecutive drop, accumulating a total loss of 10.71%.Today's trading session saw the stock hit an intraday low of Rs. 31.99, reflecting a decrease of 5.91% at its lowest point. The company's performance over the past year has also been lackluster, with a decline of 5.38%, contrasting sharply with the Sensex, which has gained 7.05% during the same period.
Additionally, Longview Tea is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. As the company navigates these challenges, its market position remains a focal point for observers in the trading sector.
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