Sukhjit Starch Faces Significant Volatility Amidst Competitive Market Challenges

Feb 24 2025 09:35 AM IST
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Sukhjit Starch & Chemicals has faced notable volatility, reaching a new 52-week low of Rs. 190 and underperforming its sector. The stock has declined consecutively over two days, with a significant drop in returns. It is currently trading below all major moving averages, reflecting a bearish trend.
Sukhjit Starch & Chemicals, a microcap player in the chemicals industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 190. This decline marks a notable underperformance, as the stock has lagged behind its sector by 6.1%. Over the past two days, Sukhjit Starch has seen a consecutive fall, with returns dropping by 8.52%.

The stock opened with a gap down, reflecting a loss of 7.07% at the start of trading. Throughout the day, it has remained stagnant at this price point, hitting an intraday low of Rs. 190. In terms of moving averages, Sukhjit Starch is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend.

Over the past year, Sukhjit Starch & Chemicals has recorded a decline of 13.49%, contrasting sharply with the Sensex, which has gained 2.21% during the same period. This performance highlights the challenges faced by the company in a competitive market landscape.
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