Medico Intercontinental Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Medico Intercontinental, a microcap finance company, has recently hit a 52-week low on March 19, 2024. The stock has been on a downward trend for the past 7 days, with a consecutive fall of -17.3% in returns during this period. This has led to a 'Strong Sell' call by MarketsMOJO.

On March 19, the stock hit a new low of Rs.51, underperforming the sector by -0.94%. The company's performance has been consistently below the moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

In comparison to the Sensex, Medico Intercontinental has had a poor performance over the past year, with a -42.27% return, while the Sensex has seen a 24.45% increase. This indicates a significant underperformance by the company in the finance/NBFC industry.

Investors should take note of the current state of Medico Intercontinental and consider their options carefully before making any investment decisions. With the stock hitting a new low and a 'Strong Sell' call by MarketsMOJO, it is important to approach with caution and do thorough research before making any moves.