RACL Geartech Hits 52-Week Low Amidst Decline in Auto Ancillary Sector

Oct 07 2024 11:35 AM IST
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RACL Geartech, a smallcap company in the auto ancillary industry, has hit a 52-week low on October 7th, 2024, causing concern among investors. The stock is currently trading lower than its moving averages and the sector as a whole has also seen a decline. In the past year, the company's stock has seen a negative growth while the Sensex has seen a positive growth.

RACL Geartech, a smallcap company in the auto ancillary industry, has recently hit a 52-week low on October 7th, 2024. This news has caused concern among investors and has led to a 'Strong Sell' call by MarketsMOJO.

The stock price of RACL Geartech has been on a downward trend, with the latest low being Rs.930.6. Today's performance has been in line with the sector, with the stock touching an intraday high of Rs.1001 (3.02%) and an intraday low of Rs.930.6 (-4.23%). The stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

The auto ancillary sector as a whole has also seen a decline of -2.13%, adding to the concerns of RACL Geartech's performance. In the past year, the company's stock has seen a negative growth of -23.43%, while the Sensex has seen a positive growth of 23.65%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers who are interested in the current state of RACL Geartech's stock price. As always, it is recommended to do your own research and consult with a financial advisor before making any investment decisions.
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