India Gelatine & Chemicals Ltd hits 52-week low, underperforms sector and market

Nov 18 2024 01:35 PM IST
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India Gelatine & Chemicals Ltd, a microcap company in the chemicals industry, hit a 52-week low on November 18, 2024. MarketsMojo has given it a 'Sell' call. The stock opened with a gain of 2.45% but quickly dropped, underperforming the sector. It is currently trading below its moving averages and has a high dividend yield. In the past year, it has shown negative performance compared to the Sensex, indicating potential challenges for the company in the current market.

India Gelatine & Chemicals Ltd, a microcap company in the chemicals industry, has recently hit a 52-week low on November 18, 2024. The stock has been given a 'Sell' call by MarketsMOJO, a leading stock market analysis platform.

The stock opened today with a gain of 2.45%, but quickly dropped to touch an intraday low of Rs 306.4, underperforming the sector by -1.46%. The day's high was Rs 325.7, while the day's low was Rs 306.4, showing a volatile trading pattern.

India Gelatine & Chemicals Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price. At the current price, the company also offers a high dividend yield of 3.46%.

In the past year, the stock has shown a negative performance of -14.27%, while the Sensex has performed positively at 17.50%. This further highlights the underperformance of India Gelatine & Chemicals Ltd in the market.

As a microcap company in the chemicals industry, India Gelatine & Chemicals Ltd may face challenges in the current market conditions. Investors are advised to carefully consider their options before making any investment decisions.
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