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

Keerthi Industries, a microcap cement company, has recently hit a 52-week low with its stock price dropping to Rs.111.9 on March 12, 2024. This has led to a 'Strong Sell' call by MarketsMOJO, indicating a negative outlook for the company's stock.

The stock has been underperforming the sector, with a -4.51% difference in performance today. It has also been on a downward trend for the past 5 days, with a significant -22.53% decrease in returns during this period. The stock opened with a loss of -4.97% today and touched an intraday low of Rs.111.9.

Interestingly, the stock has been trading at a constant price of Rs.111.9 since its opening, indicating a lack of range in its movement. Additionally, Keerthi Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting its downward trend.

In comparison to the Sensex, Keerthi Industries has shown a negative performance of -20.36% in the past year, while the Sensex has seen a positive growth of 24.68%. This indicates a significant underperformance by the company in the market.

As a microcap company in the cement industry, Keerthi Industries may face challenges in the current market conditions. Investors should carefully consider the company's performance and outlook before making any investment decisions.