Medico Intercontinental Hits 52-Week Low, Given 'Strong Sell' Rating by MarketsMOJO

Mar 21 2024 09:35 AM IST
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Medico Intercontinental, a microcap finance company, has hit a 52-week low on March 21, 2024, with a -3.68% underperformance compared to the sector. According to MarketsMojo, the stock has a 'Strong Sell' rating due to its -41.52% return in the past year. The stock's current price is below its moving averages, indicating a bearish trend. Investors should conduct their own research before making any decisions.

Medico Intercontinental, a microcap finance company, has recently hit a 52-week low on March 21, 2024. The stock has been on a downward trend for the past 9 days and has underperformed the sector by -3.68%. Today, the stock touched an intraday low of Rs. 49, a decrease of -2.51%.

According to MarketsMOJO, the stock has been given a 'Strong Sell' rating. This is due to its poor performance in the past year, with a -41.52% return compared to the Sensex's 25.10% return.

Medico Intercontinental's current stock price is lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock.

As a microcap finance company, Medico Intercontinental may be facing challenges in the current market conditions. However, it is important to note that this is not a recommendation to buy or sell the stock. Investors should do their own research and make informed decisions.
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