Sandesh Ltd. Stock Sees Dip, But Experts Give 'Buy' Call and Potential Reversal

Sandesh Ltd., a smallcap company in the printing and publishing industry, has recently seen a dip in its stock price. On August 5th, 2024, the company's stock fell by -7.38%, underperforming the sector by -2.59%. However, despite this recent decline, experts at MarketsMOJO have given a 'Buy' call for the stock.

The day's low for Sandesh Ltd. was Rs 1622.45, a decrease of -6.6% from the previous day. The stock's moving averages are currently higher than the 20, 50, 100, and 200 day averages, but lower than the 5 day average. This indicates a potential trend reversal, as the stock has fallen after two consecutive days of gains.

In comparison to the printing and publishing sector, which has fallen by -4.02%, Sandesh Ltd. has seen a larger decline. However, it is important to note that the company's 1-day performance of -7.38% is still better than the Sensex's performance of -2.85%. Additionally, over the past month, Sandesh Ltd. has only seen a -2.74% decrease, while the Sensex has seen a -1.65% decrease.

Despite the recent dip in stock price, Sandesh Ltd. remains a strong player in the printing and publishing industry. With a 'Buy' call from MarketsMOJO and a track record of outperforming the Sensex, investors may want to consider adding Sandesh Ltd. to their portfolio.