SEL Manufacturing Company Hits 52-Week Low Amidst Ongoing Textile Sector Struggles

Jan 22 2025 10:05 AM IST
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SEL Manufacturing Company has reached a new 52-week low, with its stock price significantly declining over the past year, contrasting with the broader market performance. Despite a slight recovery today, the stock remains below its moving averages, highlighting ongoing challenges in the competitive textile industry.
SEL Manufacturing Company, a microcap player in the textile industry, has reached a new 52-week low, with its stock price hitting Rs. 34.81 on January 22, 2025. This decline represents a significant 61.60% drop in its stock value over the past year, contrasting sharply with the Sensex's performance of 6.64% during the same period.

Despite these challenges, SEL Manufacturing Company showed a slight recovery today, outperforming its sector by 2.93% after three consecutive days of decline. However, the stock continues to trade below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The current market sentiment reflects the ongoing struggles faced by the company in the competitive textile sector.
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