Adani Wilmar's Stock Performance Raises Concerns, Given 'Sell' Call by MarketsMOJO

Nov 21 2024 09:40 AM IST
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Adani Wilmar, a leading FMCG company in India, has been given a 'Sell' call by MarketsMojo due to its underperformance in the market. The stock opened today with a significant loss of -8.3% and is currently trading close to its 52 week low. It has also been trading below its moving averages, indicating a downward trend. Investors should consider the 'Sell' call and make informed decisions.

Adani Wilmar, a leading FMCG company in India, has been in the news recently due to its stock performance. The company, which is classified as a largecap in the industry, has been given a 'Sell' call by MarketsMOJO.

The stock opened today with a loss of -8.3%, which is a cause of concern for investors. It is currently trading close to its 52 week low, with a difference of only 4.4%. This indicates a downward trend in the stock's performance.

In terms of today's performance, Adani Wilmar has underperformed the sector by -7.87%. The stock also opened with a gap down of -8.3%, which is a significant drop. The day's low for the stock was Rs 296, which is a decrease of -9.51%.

Looking at the moving averages, Adani Wilmar is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This further confirms the downward trend in the stock's performance.

In comparison to the Sensex, Adani Wilmar's 1 day performance is -9.58%, while the Sensex's performance is only -0.87%. Similarly, the 1 month performance of Adani Wilmar is -8.85%, while the Sensex's performance is -5.23%.

Overall, the stock of Adani Wilmar has been on a downward trend and has been underperforming in the market. Investors should take note of the 'Sell' call given by MarketsMOJO and make informed decisions regarding their investments in the company.
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