Ashapura Minechem hits 52-week low, underperforms sector with -4.86% difference in returns

Oct 29 2024 09:35 AM IST
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Ashapura Minechem, a smallcap company in the mining and minerals industry, has been facing a downward trend in its stock price, hitting a 52-week low on October 29, 2024. The stock has been underperforming the sector, with a -4.86% difference in performance today and a -26.02% decline in returns over the past three days. MarketsMojo has given a 'Sell' call for the stock, suggesting a negative outlook.

Ashapura Minechem, a smallcap company in the mining and minerals industry, has recently hit a 52-week low on October 29, 2024. The stock has been underperforming the sector, with a -4.86% difference in performance today. This marks the third consecutive day of losses for the company, with a significant -26.02% decline in returns during this period.

Today, the stock opened with a gap down of -3.7% and touched an intraday low of Rs 228.6, a decrease of -5.93%. Ashapura Minechem is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.

In comparison to the Sensex, Ashapura Minechem's performance over the past year has been -21.57%, while the Sensex has seen a positive growth of 25.01%. This suggests that the company has not been able to keep up with the overall market performance.

MarketsMOJO has given a 'Sell' call for Ashapura Minechem, indicating a negative outlook for the stock. Investors should be cautious and do their own research before making any investment decisions.
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