Sah Polymers' Stock Hits 52-Week Low, MarketsMOJO Issues 'Strong Sell' Call

Sah Polymers, a microcap company in the packaging industry, has recently seen a dip in its stock price. On July 19, 2024, the company's stock hit a 52-week low of Rs.74.8. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock's performance today has been underwhelming, with a -2.9% underperformance compared to the sector. In fact, Sah Polymers has been on a downward trend for the past two days, with a -14.18% decrease in returns during this period. The stock also touched an intraday low of Rs.74.8, a decrease of -3.86%.

In terms of moving averages, Sah Polymers is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's price.

Compared to the Sensex's performance of 20.93%, Sah Polymers has had a negative 1-year performance of -22.45%. This further highlights the company's struggles in the market.

Investors and experts are advised to approach Sah Polymers with caution, as the company's stock continues to underperform. With a 'Strong Sell' call from MarketsMOJO and a negative 1-year performance, it may be wise to wait and see how the company's stock performs in the coming days.