Rajnish Wellness Hits 52-Week Low Amidst Ongoing FMCG Sector Challenges
Rajnish Wellness, a microcap in the FMCG sector, has hit a new 52-week low, reflecting a significant decline over the past week and year. The stock is trading below all major moving averages, highlighting ongoing challenges in a competitive market that are attracting investor scrutiny.
Rajnish Wellness, a microcap player in the FMCG sector, has reached a new 52-week low of Rs. 1.18 as of January 13, 2025. The stock has been on a downward trajectory, underperforming its sector by 0.29% today. Over the past week, it has seen a significant decline of 18.12%, contributing to a staggering annual drop of 89.28%. In contrast, the benchmark Sensex has gained 5.86% during the same timeframe.Currently, Rajnish Wellness is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The company's ongoing challenges in the competitive FMCG landscape are drawing attention from investors and market analysts alike, who will be closely monitoring its performance in the upcoming days.
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