Go Fashion (India) Stock Hits 52-Week Low Amidst Bearish Trend

May 03 2024 02:05 PM IST
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Go Fashion (India) Ltd, a midcap retail company, has seen a decline in its stock price, hitting a 52-week low on May 3rd, 2024. The stock has been on a downward trend for the past three days, with a consecutive fall of -10.6%. According to MarketsMojo, the stock call for Go Fashion (India) is 'Sell' and it has been trading below its moving averages. In comparison to the Sensex, the company has shown a decline of -6.34% in the past year. Investors should conduct their own research before making any investment decisions.

Go Fashion (India) Ltd, a midcap retail company, saw its stock price hit a 52-week low on May 3rd, 2024. The stock has been on a downward trend for the past three days, with a consecutive fall of -10.6% during this period. Today, the stock underperformed the sector by -4.14%, with an intraday low of Rs 944 (-10.86%).

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock call for Go Fashion (India) is 'Sell'. The company's stock has been 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, which has shown a positive performance of 20.26% in the past year, Go Fashion (India) has seen a decline of -6.34%. This could be attributed to various factors such as market conditions, company performance, and industry trends.

As a midcap retail company, Go Fashion (India) may face challenges in the current economic climate. However, it is important to note that stock prices are subject to market fluctuations and investors should conduct their own research before making any investment decisions.
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