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

Mar 07 2024 09:35 AM IST
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Adcon Capital Services, a microcap finance company, has hit a 52-week low on March 7, 2024, with a significant decline of -63.45% in the past 21 days. MarketsMojo has given a 'Strong Sell' call. The stock is currently trading below its moving averages and has underperformed the Sensex by -46.39% in the past year. Investors should exercise caution before considering this stock.

Adcon Capital Services, a microcap finance company, has recently hit a 52-week low on March 7, 2024. The stock has been on a downward trend for the past 21 days and has seen a significant decline of -63.45% during this period. This has led to a 'Strong Sell' call by MarketsMOJO.

On March 7, the stock hit a new low of Rs.0.87, underperforming the sector by -4.88%. 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 poor performance over the past year, with a decline of -46.39% while the Sensex has seen a growth of 23.04%. This highlights the underperformance of the company in the finance/NBFC industry.

Investors should be cautious when considering Adcon Capital Services as an investment option, as the stock has been on a downward trend and has not shown any signs of improvement. It is important to thoroughly research and analyze the company's financials and market trends before making any investment decisions.
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