Mena Mani Industries Hits 52-Week Low, Receives Strong Sell Rating from MarketsMOJO

Oct 04 2024 03:35 PM IST
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Mena Mani Industries, a microcap company in the finance/NBFC industry, has hit a 52-week low on October 4th, 2024, with a Strong Sell rating from MarketsMojo. The stock has underperformed the sector by -3.53% and is currently trading below its moving averages. In the past year, the stock has seen a decline of -10.88%, highlighting its underperformance compared to the overall market. Investors should carefully consider their options before investing in this company.


Mena Mani Industries, a microcap company in the finance/NBFC industry, has recently hit a 52-week low on October 4th, 2024. This news has been accompanied by a "Strong Sell" rating from MarketsMOJO, a leading stock market analysis platform.

The stock price of Mena Mani Industries has been on a downward trend, with today's price hitting a new low of Rs. 5.24. In comparison to the sector, the stock has underperformed by -3.53%. This marks the second consecutive day of losses for the company, with a total decline of -9.66% in the past two days.

Furthermore, Mena Mani Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock's performance.

In the past year, Mena Mani Industries has seen a decline of -10.88%, while the Sensex has shown a positive growth of 25.24%. This further highlights the underperformance of the company in comparison to the overall market.

It is important to note that this article is based on factual information and does not include any speculation or recommendations from experts or investors. As a microcap company, Mena Mani Industries may face challenges in the current market conditions, and investors should carefully consider their options before making any investment decisions.
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