Kewal Kiran Clothing Hits 52-Week Low, Underperforms Sector Amidst Bearish Trend

Aug 14 2024 09:39 AM IST
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Kewal Kiran Clothing, a smallcap company in the textile industry, has been underperforming the sector with a -1.94% difference in performance today. The stock has been on a downward trend in the last three days, with a -8.26% decrease in returns. It is currently trading below its moving averages and has had a negative 1-year performance compared to the Sensex. MarketsMojo has given a 'Hold' call, suggesting a neutral stance on the stock. Investors are advised to closely monitor its performance.


Kewal Kiran Clothing, a smallcap company in the textile industry, has recently hit a 52-week low on August 14, 2024. The stock has been underperforming the sector, with a -1.94% difference in performance today. In the last three days, the stock has been on a downward trend, with a -8.26% decrease in returns.

Today, the stock touched an intraday low of Rs. 603.55, which is a -2.35% decrease from its previous close. Kewal Kiran Clothing is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the Sensex, Kewal Kiran Clothing has had a negative 1-year performance of -13.14%, while the Sensex has shown a positive performance of 20.67%. This suggests that the stock has not been able to keep up with the overall market trend.

MarketsMOJO has given a 'Hold' call for Kewal Kiran Clothing, indicating a neutral stance on the stock. As a smallcap company in the textile industry, Kewal Kiran Clothing may face challenges in the current market conditions. Investors are advised to closely monitor the stock's performance before making any investment decisions.
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