Rossell India's Stock Price Plummets by 71.9% Amidst Sector Underperformance

Sep 20 2024 09:50 AM IST
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Rossell India, a smallcap company in the tea/coffee industry, has seen a significant decline in its stock price, reaching a new 52-week low of Rs.175.05 on September 20, 2024. The stock has underperformed the sector by -71.97% and is currently trading below its moving averages. Its performance in comparison to the Sensex has also been negative.

Rossell India ., a smallcap company in the tea/coffee industry, has been facing a significant decline in its stock price. On September 20, 2024, the company's stock lost -71.9%, reaching a new 52-week low of Rs.175.05. This decline has been reflected in the stock call given by MarketsMOJO, which is 'Sell'.

The stock opened with a gap down of -71.9% and has since traded at the same price. It has also underperformed the sector by -71.97% today. The intraday low for the stock was Rs.175.05, which is also the current trading price.

Rossell India 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, Rossell India's performance in the past 1 day and 1 month has been -71.90% and -70.28% respectively, while the Sensex has shown a positive performance of 0.15% and 3.10% in the same time periods.

Investors and experts have not shown any interest in the company's stock, and there is no news of any potential future developments. As a smallcap company in the tea/coffee industry, Rossell India's current stock performance may be a cause for concern for its shareholders.
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