Tuni Textile Mills Hits 52-Week Low Amid Broader Market Decline and Weak Fundamentals

Tuni Textile Mills has experienced significant activity today, reaching a new 52-week low of Rs. 1.3. The stock has been on a downward trend, underperforming its sector by 1.78% and marking six consecutive days of losses, totaling a decline of 9.74% during this period. Currently, Tuni Textile Mills is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish technical outlook.
In the broader market context, the Sensex opened lower and is currently trading at 72,811.52, down 0.38%, and is nearing its own 52-week low. Despite the overall market decline, small-cap stocks are showing some resilience, with the BSE Small Cap index gaining 0.99% today.

Over the past year, Tuni Textile Mills has reported a performance decline of 25.77%, contrasting sharply with the Sensex's modest drop of 1.44%. The company's long-term fundamentals appear weak, highlighted by a low Return on Capital Employed (ROCE) of 4.53% and a high Debt to EBITDA ratio of 7.12 times. Despite these challenges, Tuni Textile Mills has shown positive results in its last four quarters, with net sales growing by 65.28%.