Bharat Wire Ropes Hits 52-Week Low, Underperforming Sector with 4th Consecutive Day of Losses

Nov 13 2024 10:17 AM IST
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Bharat Wire Ropes, a smallcap company in the engineering and industrial equipment industry, has been underperforming the sector with a -1.3% difference in performance today. The stock has hit a 52-week low and is currently trading below its moving averages, indicating a downward trend. In the past year, the stock has declined by -22.30%, while the Sensex has shown growth of 20.37%. MarketsMojo has given a 'Strong Sell' call for the stock, suggesting a negative outlook.

Bharat Wire Ropes, a smallcap company in the engineering and industrial equipment industry, has recently hit a 52-week low on November 13, 2024. The stock has been underperforming the sector, with a -1.3% difference in performance today. This is the fourth consecutive day of losses for the company, with a total decline of -9.71% in this period.

Today, the stock touched an intraday low of Rs. 218.3, which is -3.21% lower than the previous day's closing price. Bharat Wire Ropes 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 the past year, Bharat Wire Ropes has seen a decline of -22.30% in its stock price, while the Sensex has shown a growth of 20.37%. This suggests that the company has not been able to keep up with the overall market performance.

MarketsMOJO has given a 'Strong Sell' call for Bharat Wire Ropes, indicating a negative outlook for the company's stock. Investors should be cautious while considering this stock for their portfolio.
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