Reliance Industrial Infrastructure Ltd's Stock Hits 52-Week Low Amidst Bearish Trend

Reliance Industrial Infrastructure Ltd, a smallcap company in the capital goods industry, has recently seen a dip in its stock price. On November 13, 2024, the stock touched a 52-week low of Rs 1028, which is only 0.31% away from its lowest point.

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' rating. It has also underperformed the sector by -2.47% and has been on a downward trend for the past 5 days, with a fall of -9.85% in returns during this period. The stock also touched an intraday low of Rs 1029.65, a decrease of -4.1%.

Reliance Industrial Infrastructure Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock.

In comparison to the Sensex, which has shown a positive performance of 19.77% in the past year, Reliance Industrial Infrastructure Ltd has seen a decline of -1.39%. This highlights the underperformance of the company in the market.

As a smallcap company in the capital goods industry, Reliance Industrial Infrastructure Ltd may face challenges in the current market conditions. Investors should carefully consider their options before making any investment decisions.