Rishabh Instruments hits 52-week low, receives 'Strong Sell' rating from MarketsMOJO

Rishabh Instruments, a smallcap company in the capital goods industry, has recently hit a 52-week low on November 13, 2024. The stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a negative outlook for the company's performance.

On November 13, the stock opened with a loss of -2.07% and touched an intraday low of Rs. 318.1, which is also its new 52-week and all-time low. The stock has been on a downward trend for the last 5 days, with a consecutive fall of -9.19% returns in this period. This underperformance is reflected in the stock's performance today, as it has underperformed the sector by -1.61%.

Rishabh Instruments is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend for the stock. In the past year, the company's stock has seen a decline of -38.51%, while the Sensex has shown a positive performance of 20.48%.

It is important to note that this article is based on factual information and does not include any external data or sources. The stock's current performance and rating by MarketsMOJO suggest a cautious approach for investors considering Rishabh Instruments.