CMI Receives 'Strong Sell' Rating and Underperforms in Cable Industry

Jan 08 2024 10:31 AM IST
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CMI, a microcap company in the cable industry, has received a 'Strong Sell' rating from MarketsMojo and has been underperforming the sector with a -4.97% loss today. Its erratic trading pattern and lower moving averages suggest a downward trend. Compared to the Sensex, CMI has also shown underperformance in the past 1 day and 1 month.

CMI, a microcap company in the cable industry, has recently received a 'Strong Sell' rating from MarketsMOJO. The stock opened today with a loss of -4.97%, underperforming the sector by -3.86%. This is in line with the company's erratic trading pattern, as it did not trade for 4 days out of the last 20 days.

In terms of moving averages, CMI is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day averages. This indicates a downward trend in the stock's performance.

Looking at its performance compared to the Sensex, CMI has underperformed in the past 1 day and 1 month, with a -4.65% and 3.30% change respectively, while the Sensex has shown a minimal 0.01% and 3.16% change in the same time periods.

While the company's stock may seem to be struggling at the moment, it is important to note that this is based on fact-based data and not influenced by future potential or expert opinions. Investors should carefully consider this information before making any decisions regarding CMI's stock.
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