Scan Steels Hits 52-Week Low, MarketsMOJO Gives 'Sell' Call for Stock

Scan Steels, a microcap company in the steel industry, has recently hit a 52-week low on November 18, 2024. This news has been confirmed by MarketsMOJO, who have given a 'Sell' call for the stock.

The stock price of Scan Steels has been on a downward trend, with today's performance showing a decrease of -2.7% compared to the sector. This marks the 8th consecutive day of losses for the company, with a total decline of -29.65% during this period. However, the stock did open with a gain of 2.87% today, but quickly fell to an intraday low of Rs 43.51.

Scan Steels is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend for the stock. In the past year, the company's performance has been -31.55%, while the Sensex has shown a positive growth of 17.60%.

Despite the recent decline in stock price, it is important to note that this article is not making any recommendations or mentioning any potential for future growth. It is simply stating the facts and figures of Scan Steels' current performance in the market. Investors and experts may have their own opinions and analysis, but this article is solely based on the data provided.