RACL Geartech hits 52-week low, underperforming sector with consecutive stock decline

Oct 22 2024 12:05 PM IST
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RACL Geartech, a microcap auto ancillary company, has been performing poorly in the stock market, hitting a 52-week low on October 22, 2024. The stock has seen a consecutive fall in the last two days, with a -5.82% decrease in returns. It is currently trading below its moving averages and has a negative 1-year performance. MarketsMojo has given a 'Strong Sell' call for the company, advising caution for investors.

RACL Geartech, a microcap auto ancillary company, has recently hit a 52-week low on October 22, 2024. The stock has been underperforming the sector, with a -2.26% difference in performance today. In the last two days, the stock has seen a consecutive fall and has lost -5.82% in returns during this period. The day's low for the stock was Rs 880, a decrease of -4.86% from the previous day's closing price.

RACL Geartech is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in the stock's price. The company's 1-year performance has been -26.63%, while the Sensex has seen a positive performance of 23.57% during the same period.

MarketsMOJO has given a 'Strong Sell' call for RACL Geartech, suggesting caution for investors. The company operates in the auto ancillary industry and is classified as a microcap company. It is important for investors to carefully analyze the company's financials and market trends before making any investment decisions.
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