Sambandam Spinning Mills Ltd Hits 52-Week Low, Receives 'Strong Sell' Call from MarketsMOJO

Nov 12 2024 09:36 AM IST
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Sambandam Spinning Mills Ltd, a microcap textile company, has hit a 52-week low on November 12, 2024. The stock has been on a downward trend for the past three days, with a consecutive fall of -8.06%. Today, it opened with a loss of -4.57% and has been trading at a low price of Rs. 135.8. According to MarketsMojo, it has been given a 'Strong Sell' call and has underperformed the sector by -5.04%. The company's stock price has been affected by market conditions and its own performance in the past year.

Sambandam Spinning Mills Ltd, a microcap textile company, has hit a 52-week low on November 12, 2024. The stock has been on a downward trend for the past three days, with a consecutive fall of -8.06% during this period. Today, the stock opened with a loss of -4.57% and touched an intraday low of Rs. 135.8. It has been trading at this price since then, with no significant range.

According to MarketsMOJO, the stock has been given a 'Strong Sell' call. It has also underperformed the sector by -5.04% today. Sambandam Spinning Mills Ltd's performance in the past year has been -15.48%, while the Sensex has seen a growth of 21.95%.

The company, which operates in the textile industry, has been facing a decline in its stock price. It is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a negative sentiment in the market towards the stock.

Investors and experts have not shown any interest in the company, and there is no news of any potential future developments. However, it is important to note that this information is based on facts and data, and no recommendations are being made. Sambandam Spinning Mills Ltd's stock price has been affected by market conditions and its own performance in the past year.
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