Responsive Industries Hits New 52-Week Low Amid Ongoing Decline

Dec 27 2024 03:35 PM IST
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Responsive Industries has recently undergone a revision in its score, reflecting ongoing challenges in the market. The stock has reached a new 52-week low and has consistently underperformed compared to its sector. Despite these difficulties, it has been added to MarketsMojo's list, indicating potential for future evaluation.
Responsive Industries, a midcap player in the plastic products sector, has recently reached a new 52-week low, with its stock price hitting Rs. 246.4 on December 27, 2024. This decline marks a significant downturn for the company, which has underperformed its sector by 1.42% today. Over the past two days, the stock has continued its downward trend, recording a total decline of 2.06%.

In terms of moving averages, Responsive Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained period of weakness. The company's one-year performance reflects a notable decrease of 21.65%, contrasting sharply with the Sensex, which has shown a positive return of 9.25% during the same timeframe.

As part of the Hidden Turnaround category on MarketsMOJO since April 3, 2023, Responsive Industries is navigating a challenging market landscape, with its recent performance metrics highlighting the difficulties it faces in the current economic environment.
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