TVS Srichakra Hits 52-Week Low Amidst Ongoing Market Challenges

Jan 23 2025 02:35 PM IST
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TVS Srichakra has reached a new 52-week low, with its stock price declining significantly. The company has underperformed its sector and experienced a consecutive fall over three days. Its annual performance shows a notable decline, contrasting with the positive trend of the broader market.
TVS Srichakra, a small-cap player in the tyre and allied industry, has reached a new 52-week low, with its stock price hitting Rs. 3043.95 today. This decline represents a significant downturn for the company, which has underperformed its sector by 3.59%. Over the past three days, the stock has seen a consecutive fall, totaling a decline of 6.24%.

Intraday trading revealed a low of Rs. 3043.95, reflecting a decrease of 3.28%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In terms of annual performance, TVS Srichakra has faced a challenging year, with a decline of 30.50%, contrasting sharply with the Sensex's positive performance of 8.82% during the same period. The current market conditions highlight the ongoing challenges faced by the company.
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