Supreme Petrochem Faces Continued Stock Decline Amid Broader Market Challenges
Supreme Petrochem's stock has declined significantly, losing 5.17% on February 11, 2025, and continuing a downward trend over three days with a total drop of 7.8%. The company underperformed its sector and has faced challenges in the market, reflected in its moving averages and monthly performance.
Supreme Petrochem, a midcap player in the chemicals industry, has experienced a notable decline in its stock performance today, losing 5.17% as of February 11, 2025. This drop marks a continuation of a downward trend, with the stock having fallen for three consecutive days, resulting in a total decline of 7.8% over this period.In today's trading, Supreme Petrochem underperformed its sector, which saw an overall decline of 3.23%. The stock reached an intraday low of Rs 626, reflecting a decrease of 5.82% at its lowest point. When examining moving averages, the stock is currently positioned higher than its 20-day moving average but remains below the 5-day, 50-day, 100-day, and 200-day moving averages, indicating a mixed performance trend.
Over the past month, Supreme Petrochem has recorded a decline of 2.05%, slightly worse than the Sensex, which fell by 1.36%. This performance highlights the challenges faced by the company in the current market environment.
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