Tracxn Technologies Hits 52-Week Low Amid Sustained Market Challenges

Jan 28 2025 10:06 AM IST
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Tracxn Technologies has faced significant volatility, reaching a new 52-week low and underperforming its sector. The stock has declined consecutively over three days, with a notable year-to-date performance drop. It is currently trading below multiple moving averages, reflecting a sustained bearish trend amid broader market gains.
Tracxn Technologies, a microcap player in the IT software industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 66.25. This decline marks a notable underperformance, with the stock trailing its sector by 3.39%. Over the past three days, Tracxn has seen a consecutive drop, accumulating a total return loss of 8.29%.

The stock's intraday performance also reflected this downward trend, hitting a low of Rs. 66.25, which represents a decrease of 3.14% for the day. In terms of moving averages, Tracxn Technologies is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

Looking at the broader picture, Tracxn Technologies has faced a challenging year, with a performance decline of 41.57%, contrasting sharply with the Sensex, which has gained 7.26% over the same period. This stark difference highlights the ongoing challenges faced by the company in the current market landscape.
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