Dhatre Udyog's Stock Hits 52-Week Low and Receives 'Strong Sell' Rating from MarketsMOJO

Dhatre Udyog, a microcap company in the steel/sponge iron/pig iron industry, has recently hit a 52-week low on October 8th, 2024. According to MarketsMOJO, the stock has been given a 'Strong Sell' rating. The stock's price summary shows that it hit a new low of Rs.11.6 on the same day and has outperformed the sector by 2.56%.

In the past two days, Dhatre Udyog's stock has been on the rise, with a 2.82% increase in returns. However, it is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The steel/sponge iron/pig iron sector as a whole has also seen a decline of -2.04%.

Compared to the Sensex performance of 22.87%, Dhatre Udyog's one-year performance has been -12.83%. This indicates that the company has not been able to keep up with the overall market trend.

Investors should take note of Dhatre Udyog's current stock performance and the 'Strong Sell' rating given by MarketsMOJO. It is important to do thorough research and consider all factors before making any investment decisions.