Rossell India Ltd. Hits 52-Week Low, Receives 'Sell' Call from MarketsMOJO

Sep 20 2024 10:05 AM IST
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Rossell India Ltd., a microcap company in the tea/coffee industry, has hit a 52-week low on September 20, 2024. MarketsMojo has given it a 'Sell' call, with the stock opening at a significant loss of -71.9% and consistently trading below its moving averages. Its performance has been significantly lower compared to the Sensex.

Rossell India Ltd., a microcap company in the tea/coffee industry, has recently hit a 52-week low on September 20, 2024. The stock has been given a 'Sell' call by MarketsMOJO, indicating a negative sentiment towards the company's performance.

The stock opened with a significant loss of -71.9% today, trading at Rs.175.05, which is also its intraday low. This underperformance is reflected in the stock's overall performance today, as it has underperformed the sector by -71.97%.

Rossell India Ltd. has been consistently 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, Rossell India Ltd.'s performance over the past year has been significantly lower, with a -65.99% decrease, while the Sensex has seen a 25.44% increase.

As a microcap company in the tea/coffee industry, Rossell India Ltd. 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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