Automotive Axles Stock Hits 52-Week Low, MarketsMOJO Issues 'Strong Sell' Call

Mar 27 2024 03:05 PM IST
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Automotive Axles, a smallcap company in the auto ancillary industry, has recently experienced a dip in its stock price, reaching a 52-week low of Rs 1781 on March 27, 2024. This has resulted in a 'Strong Sell' call by MarketsMojo. The stock is currently trading below its moving averages and has underperformed the sector, with a negative 1-year performance compared to the Sensex. Investors should carefully evaluate their options before investing in this company.

Automotive Axles, a smallcap company in the auto ancillary industry, has recently seen a dip in its stock price. On March 27, 2024, the company's stock touched a 52-week low of Rs 1781. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock is currently trading at 0.17% away from its 52-week low, indicating a downward trend. In today's trading, Automotive Axles has underperformed the sector by -2.42%. This is the second consecutive day of losses for the company, with a -3.63% decline in returns.

Furthermore, the stock 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's performance of 26.56%, Automotive Axles has seen a negative 1-year performance of -23.59%.

As a smallcap company in the auto ancillary industry, Automotive Axles may face challenges in the current market conditions. Investors should carefully consider their options before making any investment decisions. This information is based on facts and is not influenced by any external sources.
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