Sanghvi Movers Hits 52-Week Low, Underperforming Sector and Facing Negative Sentiment

Sanghvi Movers, a smallcap engineering company, has recently hit a 52-week low on November 14, 2024. The stock has been underperforming the sector by -5.29% and has been on a downward trend for the past 6 days, with a fall of -15.05% in this period.

On November 14, the stock touched an intraday low of Rs 351.85, which is a decrease of -7.16% from the previous day's closing price. This has led to a negative sentiment among investors, with MarketsMOJO giving a 'Sell' call for the stock.

Sanghvi Movers is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's 1-year performance has been -4.31%, while the Sensex has shown a positive performance of 19.48% in the same period.

It is important to note that this information is based on facts and figures and does not include any external data or sources. As a smallcap company in the engineering industry, Sanghvi Movers may face challenges in the current market conditions. Investors are advised to do their own research and make informed decisions before investing in the stock.