Salasar Techno Engineering Hits 52-Week Low Amid Broader Market Gains
Salasar Techno Engineering has reached a new 52-week low, reflecting a notable decline in its stock over the past year. Despite this downturn, the company showed some resilience by outperforming its sector on the day of the low, although it remains below key moving averages.
Salasar Techno Engineering has recently hit a new 52-week low of Rs. 12.04, marking a significant downturn for the small-cap company in the industrial equipment sector. Over the past year, the stock has declined by 13.16%, contrasting with the Sensex's gain of 5.86%. Despite this recent low, Salasar Techno Engineering has shown some resilience, outperforming its sector by 2.07% on the day it reached the new low. The stock has experienced a trend reversal, gaining after two consecutive days of decline. However, it is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This performance indicates ongoing challenges for the company in the market.
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