Keerthi Industries Hits 52-Week Low, Receives 'Strong Sell' Call from MarketsMOJO

Keerthi Industries, a microcap company in the cement industry, has recently hit a 52-week low on October 22, 2024. According to MarketsMOJO, a leading stock analysis platform, the stock has been given a "Strong Sell" call.

The company's stock price has been on a downward trend, with the latest low of Rs.91.1 being hit today. It has also underperformed the sector by -11.62% in today's trading session. This marks a trend reversal as the stock had seen two consecutive days of gains before falling today.

In a surprising turn, the stock opened with a gain of 18.05% today, but quickly dropped to an intraday low of Rs.91.1, showing high volatility with an intraday range of 15.27%. The day's high was recorded at Rs.123.95, which is 18.05% higher than the previous day's close.

Keerthi Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment in the market.

In the past year, the company's stock has seen a decline of -33.84%, while the Sensex has shown a positive growth of 22.67%. This further highlights the underperformance of Keerthi Industries in the market.

While the reasons for the stock's decline are not mentioned, investors should be cautious when considering investing in Keerthi Industries. The company's current performance and market trends suggest a bearish outlook for the stock.