Raj Television Network's Stock Hits 52-Week Low, 'Strong Sell' Call by MarketsMOJO

Oct 23 2024 11:15 AM IST
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Raj Television Network, a microcap company in the TV broadcasting and software industry, has seen a dip in its stock price, reaching a 52-week low of Rs 43.2 on October 23, 2024. Despite a recent trend reversal and a 2.31% increase, the stock is currently trading below its moving averages and has underperformed the market in the past year.

Raj Television Network, a microcap company in the TV broadcasting and software industry, has recently seen a dip in its stock price. On October 23, 2024, the company's stock touched a 52-week low of Rs 43.2. This has led to a 'Strong Sell' call by MarketsMOJO.

Currently, the stock is trading at 2.26% above its 52-week low, with a performance today that has outperformed the sector by 1.83%. After three consecutive days of falling, the stock has shown a trend reversal and has gained momentum. It touched an intraday high of Rs 44.2, which is a 2.31% increase.

The stock has been trading in a narrow range of Rs 0.32, indicating a stable trend. However, it is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Raj Television Network's performance has been -13.76%, while the Sensex has shown a growth of 24.61%. This indicates a decline in the company's stock performance compared to the overall market.

Despite the recent dip in stock price, Raj Television Network remains a strong player in the TV broadcasting and software industry. Investors should keep an eye on the company's performance and future developments.
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