Morarjee Textiles Hits 52-Week Low, Underperforming in Textile Sector

Nov 13 2024 10:17 AM IST
share
Share Via
Morarjee Textiles, a microcap textile company, has been underperforming in the market with a 'Strong Sell' call by MarketsMojo. The stock has hit a 52-week low of Rs.9.43 and has been consistently falling for the past three days. It is currently trading below its moving averages and has seen a significant decline of -59.09% in the past year. Investors are advised to carefully consider their options before investing in this company.

Morarjee Textiles, a microcap textile company, has recently hit a 52-week low on November 13, 2024. The stock has been underperforming in the market, with a 'Strong Sell' call by MarketsMOJO. Today, the stock hit a new low of Rs.9.43 and has been consistently falling for the past three days, with a decline of -9.59% in returns.

In comparison to the textile sector, Morarjee Textiles has also seen a decline of -2.21%. The company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

In the past year, Morarjee Textiles has seen a significant decline of -59.09%, while the Sensex has shown a positive performance of 20.40%. This further highlights the underperformance of the company in the market.

Despite being a microcap company, Morarjee Textiles has been facing challenges in the textile industry, leading to a decline in its stock price. Investors are advised to carefully consider their options before making any investment decisions in this company.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News