Mold-Tek Technologies Hits 52-Week Low Amid Sustained Downward Trend

Feb 10 2025 12:05 PM IST
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Mold-Tek Technologies has faced significant volatility, hitting a new 52-week low of Rs. 159 and trailing its sector by 2.73%. The stock has declined 30.84% over the past year, contrasting with the Sensex's 7.82% gain, and is trading below key moving averages, indicating a downward trend.
Mold-Tek Technologies, a microcap player in the engineering sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 159. This decline marks a notable underperformance, with the stock trailing its sector by 2.73%. Over the past two days, Mold-Tek has seen a consecutive drop, accumulating a total decline of 5.41%.

Intraday trading revealed a low of Rs. 159, reflecting a decrease of 5.67% at its lowest point. The stock's performance over the past year has been challenging, with a decline of 30.84%, contrasting sharply with the Sensex, which has gained 7.82% during the same period.

Additionally, Mold-Tek Technologies is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Investors and market watchers will be keen to observe how these developments impact the company's market position moving forward.
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