Kallam Textiles Hits 52-Week Low, MarketsMOJO Gives Strong Sell Call
Kallam Textiles, a microcap company in the textile industry, has hit a 52-week low on March 12, 2024, with a stock price of Rs.6.32. The company has seen a decline in the past two days and is currently trading below its moving averages. Compared to the Sensex, Kallam Textiles has shown a negative 1-year performance, indicating a struggling state for the company's stock.
Kallam Textiles, a microcap company in the textile industry, has recently hit a 52-week low on March 12, 2024. This news has been confirmed by MarketsMOJO, who has given a "Strong Sell" call for the stock.
The stock price of Kallam Textiles has reached a new low of Rs.6.32, underperforming the sector by -2.05% on the same day. This marks the second consecutive day of losses for the company, with a decline of -6.51% in the past two days.
In addition, Kallam Textiles is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in the stock's performance.
Compared to the Sensex, Kallam Textiles has shown a negative 1-year performance of -34.85%, while the Sensex has seen a positive growth of 25.05%. This further highlights the struggling state of the company's stock.
Despite these recent developments, it is important to note that this article is not intended to provide any recommendations or predictions for the future potential of Kallam Textiles. It is simply a factual update on the current state of the company's stock. Investors and experts are advised to conduct their own research and analysis before making any investment decisions.
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