Veljan Denison Faces Continued Volatility Amid Broader Market Gains and Bearish Trends

Feb 18 2025 01:45 PM IST
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Veljan Denison, a microcap in the engineering sector, hit a new 52-week low of Rs. 920 amid ongoing volatility, marking a 9.09% decline over three days. Despite this, it slightly outperformed its sector. The stock has dropped 60.25% over the past year, contrasting with the Sensex's gains.
Veljan Denison, a microcap player in the engineering and industrial equipment sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 920. This decline marks a continuation of a downward trend, with the stock having fallen for three consecutive days, resulting in a total drop of 9.09% during this period.

Despite today's challenges, Veljan Denison managed to outperform its sector slightly, with a performance that exceeded sector averages by 0.28%. The stock's intraday trading saw a high of Rs. 990, reflecting a 2.59% increase at its peak, before settling at the day's low of Rs. 920, which represents a decline of 4.66%.

In terms of moving averages, Veljan Denison is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has faced a significant decline of 60.25%, contrasting sharply with the Sensex, which has gained 4.76% during the same timeframe.
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