Sukhjit Starch Faces Persistent Downward Trend Amid Market Challenges

Mar 03 2025 10:36 AM IST
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Sukhjit Starch & Chemicals has faced notable volatility, hitting a new 52-week low and experiencing a consecutive decline over four days. The stock has underperformed its sector and is trading below key moving averages, reflecting ongoing challenges in the market, with a significant year-over-year decline.
Sukhjit Starch & Chemicals, a microcap player in the chemicals industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 185.8. This decline marks a notable downturn, as the stock has underperformed its sector by 1.79% and has seen a consecutive fall over the past four days, resulting in a total drop of 9.28% during this period.

The stock's performance metrics indicate a challenging environment, with today's intraday low hitting Rs. 185.8, reflecting a decrease of 3.43%. Additionally, Sukhjit Starch is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a persistent downward trend.

Over the past year, Sukhjit Starch & Chemicals has recorded a decline of 21.61%, significantly underperforming compared to the Sensex, which has seen a modest increase of 1.08%. These figures highlight the ongoing challenges faced by the company in the current market landscape.
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