Permanent Magnets Ltd's Stock Performance Faces Downward Trend, Receives 'Strong Sell' Call.

Permanent Magnets Ltd, a smallcap engineering company, has been facing a downward trend in its stock performance. According to MarketsMOJO, the stock has been given a 'Strong Sell' call. Today, the stock opened with a loss of -5.91% and has underperformed the sector by -2.18%. This is the fourth consecutive day of losses for the company, with a total decline of -9.47% in this period.

The stock also opened with a gap down of -5.91% today and touched an intraday low of Rs 1160.2. While the moving averages for Permanent Magnets Ltd are higher than the 20 day and 50 day averages, they are lower than the 5 day, 100 day, and 200 day averages. This indicates a mixed trend for the company's stock.

In comparison to the overall performance of the engineering sector, which has fallen by -2.37%, Permanent Magnets Ltd has seen a decline of -3.65% in just one day. Over the past month, the company's stock has performed better with a growth of 21.47%, while the Sensex has only seen a growth of 1.17%.

Investors and experts are advised to approach Permanent Magnets Ltd's stock with caution, as it has been facing a downward trend in recent days. However, it is important to note that this is not a reflection of the company's potential or future prospects, but rather a current analysis of its stock performance.