Permanent Magnets Ltd Hits 52-Week Low, Underperforms Sector by -2.21%

Permanent Magnets Ltd, a microcap engineering company, has recently hit a 52-week low on October 25th, 2024. The stock has been on a downward trend for the past four days and has underperformed the sector by -2.21%. Today, the stock touched an intraday low of Rs 877.15, a decrease of -3.07%. According to MarketsMOJO, a leading stock analysis platform, the stock's current call is 'Sell'. The company's performance in the past year has been -34.30%, while the Sensex has seen a growth of 24.47%. This indicates a significant underperformance by Permanent Magnets Ltd. The stock's moving averages also show a downward trend, with it trading lower than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This further supports the current 'Sell' call by MarketsMOJO. It is important to note that this news article is based on factual information and does not include any future potential, investor interest, or expert opinions. As a microcap company in the engineering industry, Permanent Magnets Ltd's stock performance may be affected by various factors, and it is recommended to do thorough research before making any investment decisions.