Salasar Techno Engineering Faces Sustained Decline Amid Broader Sector Challenges

Feb 12 2025 09:37 AM IST
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Salasar Techno Engineering has reached a new 52-week low, reflecting significant volatility and a 62.89% decline over the past year. The company's stock consistently underperforms key moving averages and the broader Engineering - Industrial Equipment sector, which has also faced challenges with a 2.23% decline.
Salasar Techno Engineering, a small-cap player in the Engineering - Industrial Equipment sector, has experienced significant volatility, hitting a new 52-week low of Rs. 11.01 today. This decline marks a notable downturn for the company, which has seen its stock price drop by 9.3% over the past five days, underperforming its sector by 0.36%.

The stock's performance has been consistently 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 steep decline of 62.89%, contrasting sharply with the Sensex, which has gained 6.68% during the same period.

The broader Engineering - Industrial Equipment sector has also faced challenges, with a decline of 2.23%. As Salasar Techno Engineering navigates these turbulent market conditions, its performance metrics reflect the ongoing struggles within the industry.
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