Riddhi Corporate Services Hits 52-Week Low Amidst Underperformance in Market

Oct 08 2024 09:36 AM IST
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Riddhi Corporate Services, a microcap BPO/ITeS company, has been underperforming in the market, with a 'Sell' call by MarketsMojo. The stock has hit a 52-week low and is trading below its moving averages, indicating a bearish sentiment. In the past year, it has seen a -57.71% decline, highlighting its struggles in the market. Investors should carefully consider their options before investing in this stock.

Riddhi Corporate Services, a microcap BPO/ITeS company, has recently hit a 52-week low on October 8th, 2024. The stock has been underperforming in the market, with a 'Sell' call by MarketsMOJO. Today, the stock reached a new low of Rs. 69, showing a -0.31% underperformance compared to the sector.

In the past four days, Riddhi Corporate Services has been on a downward trend, with a -4.11% return. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment in the market.

In the past year, Riddhi Corporate Services has seen a -57.71% decline in its performance, while the Sensex has shown a positive growth of 22.87%. This further highlights the underperformance of the company in the market.

As a microcap company in the BPO/ITeS industry, Riddhi Corporate Services may face challenges in the current market conditions. Investors should carefully consider their options before making any decisions regarding this stock.
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