Sanmit Infra Hits 52-Week Low, MarketsMOJO Issues 'Sell' Call

Mar 18 2024 09:35 AM IST
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Sanmit Infra, a microcap company in construction and real estate, has hit a 52-week low on March 18, 2024, with a current stock price of Rs.13.53. The stock has been on a downward trend, underperforming the sector by -2.97% and showing a decline of -36.23% in the past 10 days. It is currently trading below all its moving averages, indicating a bearish trend. In the past year, the stock has seen a significant decline of -80.23%, highlighting its underperformance compared to the overall market. Investors and experts are advised to exercise caution when considering Sanmit Infra as an investment option.

Sanmit Infra, a microcap company in the construction and real estate industry, has recently hit a 52-week low on March 18, 2024. This has led to a 'Sell' call by MarketsMOJO, a leading stock market analysis platform.

The stock price of Sanmit Infra has been on a downward trend, with today's price of Rs.13.53 being the new 52-week low. The stock has also underperformed the sector by -2.97% in today's trading session. This is a continuation of the stock's poor performance, as it has been on a losing streak for the past 10 days and has seen a decline of -36.23% in this period.

In terms of moving averages, Sanmit Infra is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock.

In comparison to the overall market performance, Sanmit Infra has seen a significant decline of -80.23% in the past year, while the Sensex has shown a positive growth of 25.24%. This further highlights the underperformance of the company in the market.

Investors and experts are advised to exercise caution when considering Sanmit Infra as an investment option, given its recent poor performance and the 'Sell' call by MarketsMOJO. It is important to conduct thorough research and analysis before making any investment decisions.
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