India Gelatine & Chemicals Ltd Hits 52-Week Low, Underperforming Sector and Offering High Dividend Yield

India Gelatine & Chemicals Ltd, a microcap company in the chemicals industry, has recently hit a 52-week low on November 13, 2024. The stock has been underperforming the sector by -2.41% and has been on a downward trend for the past 5 days, with a -12.76% decrease in returns during this period.

On November 13, the stock touched an intraday low of Rs. 309, which is a -5.66% decrease from the previous day's closing price. India Gelatine & Chemicals Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock.

At the current price, the stock also offers a high dividend yield of 3.36%, making it an attractive option for investors looking for regular income. However, it is important to note that the stock has had a negative 1-year performance of -14.27%, compared to the Sensex's positive performance of 20.40%.

MarketsMOJO has given a 'Sell' call for India Gelatine & Chemicals Ltd, suggesting caution for potential investors. With the stock trading at a 52-week low and underperforming the sector, it is important for investors to carefully consider their options before making any investment decisions.