Nihar Info Global Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Nihar Info Global, a microcap IT software company, has recently hit a 52-week low on June 5th, 2024. The stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a negative outlook for the company's performance.

The stock price of Nihar Info Global has been on a downward trend, with the latest low of Rs.4.92 being hit today. However, the stock has outperformed the sector by 3.62% in today's trading session. This could be seen as a potential trend reversal, as the stock has gained after three consecutive days of falling.

In terms of moving averages, Nihar Info Global is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests a bearish sentiment in the market for the company's stock.

In comparison to the Sensex performance, Nihar Info Global has underperformed with a -14.16% return in the past year, while the Sensex has shown a positive return of 15.73%. This further highlights the struggles of the company in the IT software industry.

Investors should be cautious when considering investing in Nihar Info Global, as the stock has been on a downward trend and has received a negative rating from MarketsMOJO. It is important to do thorough research and analysis before making any investment decisions.