Mishtann Foods Hits 52-Week Low Amid Ongoing Struggles in FMCG Sector
Mishtann Foods has reached a new 52-week low, with its stock price declining significantly. The company has underperformed in the FMCG sector, experiencing a 65.50% drop over the past year, while the benchmark Sensex has gained. It is also trading below its moving averages across various timeframes.
Mishtann Foods, a microcap entity in the FMCG sector, has reached a new 52-week low, with its stock price falling to Rs. 6.13 on January 14, 2025. This decline highlights a significant downturn for the company, which has underperformed its sector by 2.52% today. Over the past five days, Mishtann Foods has seen a consecutive decline, totaling 13.02%.The company's performance over the past year has been particularly challenging, with a decrease of 65.50%, contrasting sharply with the benchmark Sensex, which has gained 5.69% in the same period. Furthermore, Mishtann Foods is currently trading below its moving averages across multiple timeframes, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These indicators reflect the ongoing struggles faced by the company in the competitive FMCG landscape.
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