Asit C Mehta Financial Services ltd's Stock Sees Decline Amidst Volatile Trading Day

Jan 05 2024 07:43 PM IST
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Asit C Mehta Financial Services ltd, a microcap IT software company, experienced a decline in its stock price today. The stock opened with a loss of -3.67% and closed in line with the sector. It has been gaining for the last two days, with a rise of 2.93% in returns. However, it also saw a volatile trading day, with a high of Rs 157 and a low of Rs 147. The stock is currently higher than its moving averages but has underperformed compared to the Sensex in the past month. Overall, MarketsMojo recommends a 'Sell' for this stock.

Asit C Mehta Financial Services ltd, a microcap IT software company, saw a decline in its stock price today. According to MarketsMOJO, the stock opened with a loss of -3.67% and closed with a performance inline with the sector. The stock has been gaining for the last two days, with a rise of 2.93% in returns during this period.

The day's high for Asit C Mehta Financial Services ltd was Rs 157, a 2.88% increase from the previous day's close. However, the stock also touched an intraday low of Rs 147, a decrease of -3.67%. This shows a volatile trading day for the company's stock.

In terms of moving averages, Asit C Mehta Financial Services ltd is currently higher than the 5 day, 50 day, 100 day, and 200 day moving averages. However, it is lower than the 20 day moving average.

Compared to the Sensex performance, Asit C Mehta Financial Services ltd has underperformed in the past month with a -13.97% return, while the Sensex has seen a 3.94% increase. Today, the stock's performance was -0.33% compared to the Sensex's 0.25% return.

Overall, Asit C Mehta Financial Services ltd's stock call is 'Sell' according to MarketsMOJO. The company's stock has shown a decline in the past month and a volatile trading day today. Investors should carefully consider their options before making any decisions regarding this stock.
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