Salasar Techno Engineering Faces Continued Decline Amid Broader Market Resilience

Jan 28 2025 10:06 AM IST
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Salasar Techno Engineering has hit a new 52-week low, continuing a six-day decline that has seen its stock drop significantly. The company has underperformed its sector and is trading below key moving averages, reflecting a sustained bearish trend amid broader market resilience. Over the past year, its stock has decreased substantially.
Salasar Techno Engineering, a small-cap player in the Engineering - Industrial Equipment sector, has experienced significant volatility today, hitting a new 52-week low of Rs. 11.35. This decline marks a continued downturn for the stock, which has now fallen for six consecutive days, resulting in a total drop of 14.53% during this period.

In terms of market performance, Salasar Techno Engineering has underperformed its sector, which itself has seen a decrease of 2.91%. The company's stock is currently trading below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained bearish trend.

Over the past year, Salasar Techno Engineering has faced a challenging environment, with its stock price declining by 52.12%. In contrast, the broader market, as represented by the Sensex, has shown resilience with a gain of 7.26%. These metrics highlight the ongoing challenges faced by Salasar Techno Engineering in a competitive market landscape.
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