Microcap Textile Company Ashima Sees Surge in Stock Price, But MarketsMOJO Issues Sell Call

Jan 11 2024 09:35 AM IST
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Ashima, a microcap textile company, has reached a 52-week high on January 11, 2024, with its stock currently trading at Rs 21.28. Despite underperforming the sector today and experiencing a trend reversal, the stock is still trading above its moving averages. Compared to the Sensex, Ashima has shown a strong performance in the past year, but investors should consider the Sell call from MarketsMojo before making any investment decisions.


Ashima, a microcap textile company, has recently seen a surge in its stock price, reaching a 52-week high on January 11, 2024. The stock is currently trading at Rs 21.28, which is 2.16% away from its 52-week high. However, according to MarketsMOJO, the stock has been given a "Sell" call.

In terms of performance, Ashima has underperformed the sector by -1.1% today. The stock has also seen a trend reversal, falling after 6 consecutive days of gains. Despite this, Ashima is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Ashima has shown a strong performance over the past year, with a 27.64% increase in its stock price. This is higher than the Sensex's performance of 19.58% during the same period.

Ashima is a microcap company in the textile industry, and its recent surge in stock price may be attributed to its strong performance in the market. However, according to MarketsMOJO, investors should exercise caution and consider the "Sell" call before making any investment decisions.
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