Poddar Housing & Development's Stock Hits 52-Week Low, Receives 'Strong Sell' Rating

Poddar Housing & Development Ltd, a microcap company in the construction and real estate industry, has recently seen a dip in its stock price. On September 27, 2024, the company's stock touched a 52-week low of Rs 68.69. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock is currently trading at 2.29% above its 52-week low, but has underperformed the sector by -3.05% today. In the last three days, the stock has been on a downward trend, with a fall of -8.64% in returns. Today, the stock opened with a loss of -4.46% and touched an intraday low of Rs 70.21.

Poddar Housing & Development's stock has been trading in a narrow range of Rs 0.29 and is currently lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend in the stock.

In the past year, Poddar Housing & Development has seen a negative performance of -35.40%, while the Sensex has shown a positive performance of 29.52%. This further highlights the underperformance of the company's stock.

Investors should keep a close eye on Poddar Housing & Development's stock as it continues to face downward pressure. However, it is important to note that this is not a recommendation to buy or sell the stock, but rather a fact-based analysis of its recent performance.