SCI Stock Declines on August 5th, Given 'Strong Sell' Rating by MarketsMOJO

Aug 05 2024 11:20 AM IST
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On August 5th, 2024, Shipping Corporation of India Land & Assets Ltd (SCI) saw a decline in its stock price and received a 'Strong Sell' rating from MarketsMojo. The stock underperformed the sector by -2.98% and has been on a downward trend for the last 4 days, with a total decline of -11.22%. However, the stock's moving averages are still higher than the 50, 100, and 200 day averages. In the shipping industry, SCI has fallen by -4.44%. This is not a recommendation or prediction, but a factual report on the stock's performance. Investors are advised to do their own research before making any decisions.

Shipping Corporation of India Land & Assets Ltd (SCI) has experienced a decline in its stock price on August 5th, 2024. The stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a negative outlook for the company.

On this day, the stock underperformed the sector by -2.98%, with a consecutive fall for the last 4 days and a total decline of -11.22% in that period. The stock also opened with a gap down of -6.46% and touched an intraday low of Rs 91.3 (-7.78%). However, the stock's moving averages are still higher than the 50 day, 100 day, and 200 day moving averages, but lower than the 5 day and 20 day moving averages.

In the shipping industry, SCI has fallen by -4.44%, reflecting the overall trend in the sector. In comparison, the stock's performance in the last 1 day and 1 month has been -7.53% and 6.26% respectively, while the Sensex has performed at -2.96% and -1.76% in the same time periods.

Despite the recent decline in stock price, it is important to note that this article is not making any recommendations or predictions about the future potential of Shipping Corporation of India Land & Assets Ltd. This is simply a factual report on the stock's performance on a specific day, based on data from MarketsMOJO. Investors are advised to do their own research and make informed decisions about their investments.
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