Raymond's Stock Hits 52-Week Low, 'Hold' Call by MarketsMOJO

Raymond, a leading textile company in the midcap industry, has recently seen a dip in its stock price. On November 21, 2024, the company's stock touched a 52-week low of Rs 1458. This has led to a 'Hold' call on the stock by MarketsMOJO.

The stock is currently trading at a price that is 0.68% away from its 52-week low. Today, Raymond's performance has been underwhelming, underperforming the sector by -0.83%. The stock has also shown high volatility, with an intraday volatility of 32.08% based on the weighted average price.

In terms of moving averages, Raymond is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's performance.

In the past year, Raymond's stock has seen a decline of -17.46%, while the Sensex has shown a growth of 16.78%. This shows that the company's performance has not been as strong as the overall market.

Despite the recent dip in stock price, Raymond remains a prominent player in the textile industry. The company has a strong presence in the midcap market and has been a key player in the industry for many years. Investors should keep an eye on the company's performance in the coming months to see if it can bounce back from its current low.