Milkfood Stock Hits 52-Week Low Amidst Broader Market Gains and Bearish Trends
Milkfood, a microcap in the FMCG sector, has hit a 52-week low, with its stock price declining significantly over the past year. Currently trading below key moving averages, the stock has underperformed compared to the broader market, highlighting ongoing challenges in its market position.
Milkfood, a microcap player in the FMCG sector, has recently reached a 52-week low, with its stock price dropping to Rs 100.25 on January 22, 2025. This represents a decline of 1.49% from its previous low of Rs 99.05. The stock has been on a downward trajectory, underperforming its sector by 2.07% today and experiencing a total decline of 4.24% over the last two days.Opening with a gap down of 2.43%, Milkfood is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prevailing bearish trend. Over the past year, the stock has faced a significant decline of 31.56%, in stark contrast to the Sensex, which has seen a gain of 6.70% during the same timeframe. These performance indicators reflect the challenging market conditions surrounding Milkfood.
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