Meghmani Organics Hits 52-Week Low Amid High Volatility and Sector Challenges

Feb 17 2025 09:41 AM IST
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Meghmani Organics, a small-cap company in the Dyes & Pigments sector, reached a new 52-week low today while showing some resilience by outperforming its sector. The stock has experienced high volatility and is currently trading below all major moving averages, reflecting a bearish trend over the past year.
Meghmani Organics, a small-cap player in the Dyes & Pigments industry, has experienced significant activity today, reaching a new 52-week low of Rs. 70.75. This decline marks a notable moment for the stock, which has been part of the Hidden Turnaround category on MarketsMOJO since late October 2024.

Despite the downturn, Meghmani Organics outperformed its sector by 7.78%, indicating some resilience amid broader market challenges. The stock reached an intraday high of Rs. 78.29, reflecting a 9.16% increase at one point during the trading session. However, the stock has exhibited high volatility, with an intraday fluctuation of 7.94%.

In terms of moving averages, Meghmani Organics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend. Over the past year, the stock has declined by 7.42%, contrasting sharply with the Sensex, which has gained 4.24%. The Dyes & Pigments sector overall has also faced challenges, with a decline of 2.46%.
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