Rishabh Instruments' Stock Price Drops by -7.77% Amidst Challenging Capital Goods Industry.

Rishabh Instruments, a smallcap company in the capital goods industry, has seen a decline in its stock price by -7.77% on August 12, 2024. This drop in stock price has been reflected in the recent stock call by MarketsMOJO, which has given a 'Strong Sell' recommendation for Rishabh Instruments.

The stock is currently trading close to its 52-week low, with a difference of only 1.85%. It has also underperformed the sector by -7.13% in today's trading session. The stock opened with a loss of -4.26% and touched an intraday low of Rs 387.35, which is a decrease of -7.8%.

Rishabh Instruments is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.

In comparison to the Sensex performance, Rishabh Instruments has seen a decline of -7.55% in the past day and -12.83% in the past month. This is in contrast to the Sensex, which has only seen a decline of -0.46% and -1.46% in the same time periods, respectively.

Investors and experts are closely monitoring the performance of Rishabh Instruments, as the company continues to face challenges in the capital goods industry. However, with a neutral and informative tone, it is important to note that this article is based on factual information and does not make any recommendations or predictions about the future potential of the company.