Raj Rayon Industries Hits 52-Week Low, Receives 'Sell' Call from MarketsMOJO
Raj Rayon Industries, a microcap textile company, has hit a 52-week low in its stock price of Rs. 15.97 on January 12, 2024. This has resulted in a 'Sell' call by MarketsMojo. The stock has underperformed the sector by -2.24% and has been on a downward trend for the past 10 days with a -18.02% decrease in returns. It is currently trading below its moving averages and has had a poor performance compared to the Sensex over the past year. This information is based on data from MarketsMojo and does not make any recommendations or predictions about the company's future potential.
Raj Rayon Industries, a microcap textile company, has recently hit a 52-week low in its stock price. On January 12, 2024, the company's stock price reached a low of Rs. 15.97. This has led to a 'Sell' call by MarketsMOJO, a leading stock market analysis platform.
The stock's performance today has underperformed the sector by -2.24%. In fact, Raj Rayon Industries has been on a downward trend for the past 10 days, with a significant -18.02% decrease in returns during this period. The company's stock is also currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
In comparison to the Sensex, Raj Rayon Industries has had a poor performance over the past year, with a -63.37% return. In contrast, the Sensex has seen a 20.10% increase in the same time period.
Raj Rayon Industries is a microcap company in the textile industry. While the company's stock price has been on a downward trend, it is important to note that this article is not making any recommendations or predictions about the future potential of the company. This information is based on facts and data provided by MarketsMOJO and should not be influenced by any external sources.
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