Arihant Capital Markets Experiences Notable Revision in Its Stock Evaluation Amid Market Challenges

Jan 06 2025 02:45 PM IST
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Arihant Capital Markets has recently undergone a revision in its score amid a challenging trading environment, marked by a notable decline in its stock performance. Despite facing consecutive losses and underperforming its sector, the stock remains above its long-term moving averages. It has been added to MarketsMojo's list, reflecting ongoing evaluation of its market position.
Arihant Capital Markets, a small-cap player in the finance and non-banking financial company (NBFC) sector, has recently experienced a notable adjustment in its evaluation. The stock has faced a challenging trading environment, with a decline of 7.02% on January 6, 2025, underperforming its sector by 4.35%.

This downturn marks the third consecutive day of losses for Arihant Capital Markets, contributing to a total decline of 9.22% over this period. The stock reached an intraday low of Rs 96.05, reflecting significant volatility with an intraday fluctuation of 5.35%.

Despite these challenges, the stock remains above its 200-day moving averages, although it is currently trailing behind its shorter-term moving averages, including the 5-day, 20-day, 50-day, and 100-day averages. The broader finance and NBFC sector has also seen a decline of 2.67%, indicating a tough market landscape.

In light of these developments, Arihant Capital Markets has been added to MarketsMOJO's list, highlighting the ongoing scrutiny of its performance metrics and market position.
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