Honasa Consumer's Stock Hits 52-Week Low, Given 'Strong Sell' Rating by MarketsMOJO

Honasa Consumer, a midcap FMCG company, has recently hit a 52-week low on November 18, 2024. The stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a negative outlook for the company's performance.

The stock price of Honasa Consumer opened with a significant loss of -13.47% today and touched an intraday low of Rs 295.8, which is a decrease of -20% from the previous day's closing price. The stock has also underperformed the sector by -19.65% today.

The company's moving averages show a downward trend, with the stock trading lower than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish sentiment among investors towards the stock.

In comparison to the Sensex performance of 17.42%, Honasa Consumer has shown a negative 1-year performance of -10.93%. This further highlights the company's struggle in the market.

Despite being a midcap FMCG company, Honasa Consumer has not been able to maintain a strong position in the market. With the recent 52-week low and negative outlook from MarketsMOJO, investors may want to closely monitor the company's performance before making any investment decisions.