Northern ARC Capital Hits 52-Week Low Amidst Ongoing Market Volatility
Northern ARC Capital has faced notable volatility, hitting a new 52-week low of Rs. 165.5. The stock has underperformed its sector and has seen a consecutive decline over the past three days. It is currently trading below multiple moving averages, indicating a bearish trend.
Northern ARC Capital, a small-cap player in the finance and non-banking financial company (NBFC) sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 165.5. This decline marks a notable moment for the stock, which has underperformed its sector by 2.33%. Over the past three days, Northern ARC Capital has seen a consecutive fall, with returns dropping by 8.29%.The stock opened the day with a gap down, reflecting a loss of 2.83%, and it further declined to an intraday low of Rs. 165.5, representing a decrease of 4.34%. Additionally, Northern ARC Capital is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its short to long-term performance.
While the one-year performance data for Northern ARC Capital remains unavailable, it is essential to monitor these developments closely as they unfold in the context of the broader market dynamics.
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