Bata India Ltd. Hits 52-Week Low, Rated 'Sell' by MarketsMOJO

Mar 20 2024 10:35 AM IST
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Bata India Ltd., a leading consumer durables company, has hit a 52-week low on March 20, 2024. The stock has been on a downward trend for the past four days, with a decline of -3.76%. According to MarketsMojo, the stock is currently rated as a 'Sell' and is trading lower than its moving averages, indicating a bearish trend. In comparison to the Sensex, Bata India's performance has been -3.33%, showing a lag in market performance. Investors should conduct further research before making any investment decisions.

Bata India Ltd., a leading consumer durables company in the midcap sector, has recently hit a 52-week low on March 20, 2024. The stock has been on a downward trend for the past four days and has seen a decline of -3.76% during this period. Today, the stock touched a low of Rs. 1352.55, which is the lowest it has been in the past year.

According to MarketsMOJO, a leading stock analysis platform, the stock is currently rated as a 'Sell'. Bata India's performance today is in line with the overall sector, but it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock.

In comparison to the Sensex, Bata India's performance in the past year has been -3.33%, while the Sensex has seen a growth of 24.67%. This shows that the stock has not been able to keep up with the overall market performance.

It is important to note that this news article is based on factual information and does not include any speculation or recommendations. Bata India's current stock performance may be a cause for concern for investors, but it is important to conduct further research and analysis before making any investment decisions.
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