Setubandhan Infrastructure's Stock Surges, But MarketsMOJO Calls for 'Sell' Rating

Setubandhan Infrastructure, a microcap company in the capital goods industry, has recently seen a surge in its stock price. On June 14, 2024, the company's stock price touched a 52-week high, reaching Rs 0.99. However, according to MarketsMOJO, the stock call for Setubandhan Infrastructure is 'Sell'.

Despite the recent high, the stock is currently only 2.06% away from its 52-week high. In today's trading, Setubandhan Infrastructure has outperformed the sector by 3.31%. The stock has also been on a consecutive gain streak for the last 7 days, with a 34.72% increase in returns during this period.

In terms of moving averages, Setubandhan Infrastructure's stock is currently higher than the 5-day, 20-day, 50-day, and 100-day moving averages. However, it is lower than the 200-day moving average.

Compared to the Sensex performance of 21.61%, Setubandhan Infrastructure's 1-year performance has been -2.02%. This indicates that the company's stock has not performed as well as the overall market.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or discuss potential future performance. Investors should conduct their own research and analysis before making any investment decisions.