Damodar Industries Ltd Sees Positive Start, But Given 'Sell' Call by MarketsMOJO

Jan 08 2024 10:33 AM IST
share
Share Via
Damodar Industries Ltd, a microcap textile company, had a positive start to its trading day with a 2.61% gain. Despite trading close to its 52-week high and outperforming the sector, MarketsMojo has given a 'Sell' call for the stock. It has also been consistently gaining for the past 2 days and is trading above all its moving averages, indicating a positive trend. In comparison to the Sensex, the stock has outperformed in both 1-day and 1-month performance. However, investors may want to consider the 'Sell' call for this company.

Damodar Industries Ltd, a microcap textile company, saw a positive start to its trading day with a gain of 2.61%. However, according to MarketsMOJO, the stock has been given a 'Sell' call.

The stock is currently trading close to its 52-week high of Rs 59.3, with a difference of only 2.24%. Today, it underperformed the sector by -0.62%. Despite this, the stock has been on a consecutive gain for the last 2 days, with a rise of 14.76% in this period.

In terms of moving averages, Damodar Industries Ltd is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock.

In comparison to the Sensex, Damodar Industries Ltd has outperformed in both the 1-day and 1-month performance. The stock saw a 2.58% increase in the 1-day performance, while the Sensex only had a 0.04% increase. In the 1-month performance, Damodar Industries Ltd saw a 19.44% increase, while the Sensex only had a 3.19% increase.

Overall, Damodar Industries Ltd has had a positive start to its trading day and has been performing well in the past month. However, according to MarketsMOJO, investors may want to consider a 'Sell' call for this microcap textile company.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News