Adcon Capital Services Hits 52-Week Low, Receives 'Strong Sell' Rating by MarketsMOJO

Adcon Capital Services, a microcap finance company, has recently hit a 52-week low on March 6, 2024. The stock has been on a downward trend for the past 21 days and has seen a significant decline of -63.6% during this period. This has led to a 'Strong Sell' rating by MarketsMOJO.

On March 6, the stock hit a new low of Rs.0.91, underperforming the sector by -4.2%. Adcon Capital Services is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the Sensex, Adcon Capital Services has had a negative performance of -45.18% in the past year, while the Sensex has seen a positive growth of 22.03%. This further highlights the underperformance of the company's stock.

Adcon Capital Services operates in the finance/NBFC industry and is classified as a microcap company. While the company's stock may seem attractive due to its low price, investors should carefully consider the current downward trend and the negative performance in comparison to the market before making any investment decisions. This information is based on factual data and does not include any external opinions or recommendations.