Sagar Cements Stock Sees Decline, 'Sell' Recommendation

Sagar Cements, a smallcap company in the cement industry, has seen a decline of -8.09% in its stock price on December 20, 2023. This has been reflected in the recent stock call by MarketsMOJO, which has given a 'Sell' recommendation for the company.

The stock has underperformed the sector by -6.36% and has been on a consecutive fall for the last 2 days, with a decline of -9.41% in this period. On the day of the report, the stock touched an intraday low of Rs 252.3, showing a decrease of -8.1%.

While the stock's moving averages are higher than the 100-day and 200-day averages, it is currently lower than the 5-day, 20-day, and 50-day averages. This indicates a mixed trend for the company's stock.

In comparison to the Sensex performance, Sagar Cements has seen a decline of -8.36% in just one day, while the Sensex has only seen a decline of -0.97%. However, over the course of one month, the company's stock has seen a slight increase of 1.57%, while the Sensex has seen a higher increase of 7.75%.

Overall, Sagar Cements' stock has seen a decline in recent days, with a 'Sell' recommendation from MarketsMOJO. Investors should keep an eye on the company's performance in the coming days to make informed decisions.