Davangere Sugar Company Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Oct 23 2024 09:37 AM IST
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Davangere Sugar Company, a microcap company in the sugar industry, has hit a 52-week low on October 23, 2024. MarketsMojo has given a 'Strong Sell' call due to the stock's downward trend, underperformance in the sector, and consecutive fall for the last 7 days. The stock is currently trading below its moving averages and has shown a negative 1-year performance of -34.31%. Investors should conduct their own research before making any investment decisions.

Davangere Sugar Company, a microcap company in the sugar industry, has recently hit a 52-week low on October 23, 2024. This has led to a 'Strong Sell' call by MarketsMOJO, a leading stock market analysis platform.

The stock price of Davangere Sugar Company has been on a downward trend, with today's price of Rs.6.08 being the new 52-week low. The stock has also underperformed the sector by -1.72% and has been on a consecutive fall for the last 7 days, with a -8.52% return in this period. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex performance of 24.30%, Davangere Sugar Company has shown a negative 1-year performance of -34.31%. This indicates a significant decline in the company's stock value over the past year.

It is important to note that this news article is based on factual information and does not include any external data or sources. It is important for investors to conduct their own research and analysis before making any investment decisions.
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