Ace Men Engg Works Hits 52-Week Low, Receives 'Strong Sell' Call from MarketsMOJO

Mar 13 2024 10:05 AM IST
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Ace Men Engg Works, a microcap company in the miscellaneous industry, has hit a 52-week low on March 13, 2024 and has been given a 'Strong Sell' call by MarketsMojo. The stock has been underperforming the sector and has seen a decline of -14.08% in the past three days. It is currently trading below its moving averages and has shown a decline of -35.45% in the past year, highlighting its underperformance in the market. Investors should exercise caution and conduct thorough research before considering this stock.

Ace Men Engg Works, a microcap company in the miscellaneous industry, has recently hit a 52-week low on March 13, 2024. This has led to a 'Strong Sell' call by MarketsMOJO, a leading stock market analysis platform.

The stock opened today with a gain of 4.29%, but quickly fell to touch an intraday low of Rs 41.5, underperforming the sector by -4.8%. This marks the third consecutive day of losses for the company, with a total decline of -14.08% in this period.

Ace Men Engg Works has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.

In the past year, the company's stock has seen a decline of -35.45%, while the Sensex has shown a positive growth of 26.35%. This further highlights the underperformance of Ace Men Engg Works in the market.

Investors should be cautious when considering this stock, as it has been facing a downward trend and has been given a 'Strong Sell' call by MarketsMOJO. It is important to do thorough research and analysis before making any investment decisions.
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