Bajaj Electricals Hits 52-Week Low, Receives 'Strong Sell' Call from MarketsMOJO

Bajaj Electricals, a leading player in the consumer durables industry, has recently hit a 52-week low on November 21, 2024. The stock has been on a downward trend for the past 8 days, with a consecutive fall of -18.78% in this period. This has led to a 'Strong Sell' call by MarketsMOJO.

On November 21, the stock opened with a gain of 2.19% at Rs.750, but underperformed the sector by -1.75%. The day's high was Rs.777.7, which is 2.19% higher than the opening price. Bajaj Electricals is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In the past year, Bajaj Electricals has seen a negative return of -24.01%, while the Sensex has performed positively with a return of 16.73%. This further supports the 'Strong Sell' call by MarketsMOJO.

Investors and experts are advised to closely monitor the performance of Bajaj Electricals and take necessary precautions while making any investment decisions. The company's current stock price and performance may not be indicative of its future potential, and it is important to conduct thorough research and analysis before making any investment in the stock.