Rishabh Instruments Hits 52-Week Low with 'Strong Sell' Rating by MarketsMOJO

Rishabh Instruments, a smallcap company in the capital goods industry, has recently hit a 52-week low on September 12, 2024. The stock has been given a 'Strong Sell' rating by MarketsMOJO.

The current price of Rishabh Instruments is at Rs.366, which is its new 52-week and all-time low. The stock has underperformed the sector by -1.58% today and has been on a downward trend for the past 2 days, with a -1.41% return during this period. Additionally, Rishabh Instruments is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Rishabh Instruments has seen a negative performance of -18.13%, while the Sensex has shown a positive performance of 21.60%. This indicates that the stock has not been able to keep up with the overall market trend.

It is important to note that this article is based on factual information and does not include any future potential, investor interest, or expert opinions. As a smallcap company in the capital goods industry, Rishabh Instruments' current performance may be a cause for concern for investors. However, it is always advisable to do thorough research and consult with a financial advisor before making any investment decisions.