Fusion Micro Finance's Stock Drops by -8.02% and Labeled as 'Sell' by MarketsMOJO.

Fusion Micro Finance, a smallcap finance company, has seen a decline in its stock price by -8.02% on August 8th, 2024. This drop in stock price has been reflected in the stock call given by MarketsMOJO, which has labeled it as a 'Sell'. The stock has also hit a new 52-week low of Rs.317.45 on the same day.

The company's performance today has been underwhelming, as it has underperformed the sector by -8.12%. This is a continuation of the stock's downward trend, as it has been losing for the past 2 days and has seen a decline of -26.79% in this period. The stock also opened with a loss of -3.39% today and touched an intraday low of Rs.317.45, which is a decrease of -8.46%.

Fusion Micro Finance's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In comparison to the Sensex, the company's stock has performed poorly, with a 1-day performance of -7.92% compared to the Sensex's -0.30% and a 1-month performance of -28.75% compared to the Sensex's -0.92%.

Investors and experts are advised to closely monitor Fusion Micro Finance's stock performance and make informed decisions based on the company's financials and market trends. As of now, the stock is not showing any signs of improvement and it is recommended to avoid any investment in it.