Ankit Metal & Power Hits 52-Week Low Amidst Bearish Market Sentiment
Ankit Metal & Power, a microcap company in the steel industry, has hit a 52-week low on October 1st, 2024. MarketsMojo has given a Strong Sell recommendation. The stock has been on a downward trend, trading lower than its moving averages. In the past year, the company has seen a decline of 38.04% compared to the market's growth of 28.31%. Investors should conduct their own research before making any investment decisions.
Ankit Metal & Power, a microcap company in the steel industry, has recently hit a 52-week low on October 1st, 2024. This news has been met with a "Strong Sell" recommendation by MarketsMOJO, a leading financial analysis platform.
The stock price of Ankit Metal & Power has been on a downward trend, with the latest low of Rs. 3.1 being a significant drop. However, the stock has outperformed the sector by 4.94% in today's trading. It is worth noting that the stock did not trade for 4 days out of the last 20 days, indicating erratic trading patterns.
In terms of moving averages, Ankit Metal & Power is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests a bearish sentiment in the market towards the company's stock.
When comparing the 1-year performance of Ankit Metal & Power to the overall market performance, the company has seen a decline of 38.04%, while the Sensex has shown a growth of 28.31%. This further highlights the struggles faced by the company in the past year.
As a microcap company in the steel industry, Ankit Metal & Power may face challenges in the current market conditions. However, it is important to note that this is not a recommendation or prediction of the company's future potential. Investors should conduct their own research and analysis before making any investment decisions.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
