Fortis Malar Hospitals Hits 52-Week Low, Underperforming Sector with -4.48% Decrease Today

Mar 26 2024 10:05 AM IST
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Fortis Malar Hospitals, a microcap healthcare services company, has been on a downward trend for the past five days, with a -6.52% return. The stock has hit a 52-week low and is currently trading below its moving averages, indicating a bearish trend. MarketsMojo has given a 'Strong Sell' call, but it is important to do thorough research before making any investment decisions.

Fortis Malar Hospitals, a microcap healthcare services company, has recently hit a 52-week low on March 26, 2024. The stock has been underperforming the sector, with a -4.48% decrease in performance today. In fact, it has been on a downward trend for the past five days, with a -6.52% return during this period. The stock touched an intraday low of Rs 45.5, a decrease of -4.81%.

Fortis Malar Hospitals is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's 1-year performance has also been negative, with a -11.54% decrease compared to the Sensex's 26.09% increase.

MarketsMOJO has given a 'Strong Sell' call for Fortis Malar Hospitals, cautioning investors about the stock's downward trend. This news may be concerning for investors, but it is important to note that this is just one aspect of the company's overall performance. It is always advisable to do thorough research and consult with a financial advisor before making any investment decisions.
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