Rajratan Global Wire hits 52-week low, underperforms auto ancillary sector

Rajratan Global Wire, a smallcap company in the auto ancillary industry, has recently hit a 52-week low on May 29, 2024. This news has been confirmed by MarketsMOJO, who have given a 'Sell' call for the stock.

The stock price of Rajratan Global Wire has reached a low of Rs. 538, underperforming the sector by -0.99% on the same day. It has been on a downward trend for the past 5 days, with a fall of -8.07% during this period. The stock has also shown high volatility, with an intraday volatility of 38.69% based on the weighted average price.

In terms of moving averages, Rajratan Global Wire is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock.

Looking at the performance of the company over the past year, Rajratan Global Wire has seen a decline of -30.23%, while the Sensex has shown a growth of 19.26%. This further highlights the underperformance of the stock in comparison to the overall market.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of the company. Investors are advised to do their own research and consult with financial experts before making any investment decisions.