Safari Industries Faces Significant Stock Decline Amid Broader Market Challenges

Feb 28 2025 02:50 PM IST
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Safari Industries (India) has faced a significant decline in stock performance, dropping 5.19% on February 28, 2025. The stock opened lower and reached an intraday low, marking a consecutive decline over two days. It has underperformed its sector and is trading below key moving averages.
Safari Industries (India), a midcap player in the plastic products industry, has experienced a notable decline in its stock performance today, losing 5.19% as of February 28, 2025. The stock opened significantly lower, with a gap down of 3.36%, and reached an intraday low of Rs 2100. Over the past two days, the stock has shown a consecutive decline, totaling a drop of 5.73%.

In terms of market positioning, Safari Industries has underperformed its sector, which has seen an overall decline of 3.53%. The company's performance today was also below the broader market, with a 1-day performance of -4.65% compared to the Sensex's decline of 1.70%. Over the past month, the stock has fallen by 8.80%, while the Sensex has decreased by 3.37%.

Additionally, Safari Industries is currently trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging market environment for the company.
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