Hemang Resources Hits 52-Week Low, Shows Negative Performance and Volatility

Hemang Resources, a microcap trading company, has recently hit a 52-week low on March 14, 2024. The stock has been underperforming in the market, with a 'Strong Sell' call by MarketsMOJO.

On March 14, the stock touched a new low of Rs.30.25, and has been continuously falling for the past four days, with a decline of -14.3% during this period. The stock has also shown high volatility, with an intraday volatility of 8.19%.

In today's trading session, Hemang Resources saw an intraday high of Rs.35.66, but eventually closed at an intraday low of Rs.30.25, showing a decrease of -11.88%. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex performance of 25.53%, Hemang Resources has shown a negative 1-year performance of -18.02%. This indicates that the stock has not been able to keep up with the overall market trend.

Investors should be cautious while considering Hemang Resources for investment, as the stock has been facing a downward trend and has been given a 'Strong Sell' call by MarketsMOJO. It is important to carefully analyze the company's financials and market conditions before making any investment decisions.