Shalimar Paints Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Shalimar Paints, a microcap company in the paints industry, has recently hit a 52-week low on November 13, 2024. This has led to a 'Strong Sell' call by MarketsMOJO, a leading stock market analysis platform. The stock opened today with a gain of 2%, but has been underperforming the sector by -3.69%.

In the last 5 days, Shalimar Paints has been on a downward trend, with a fall of -17.7% in returns. The stock touched an intraday high of Rs 107.3 (2%) and an intraday low of Rs 100.3 (-4.66%). It is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Shalimar Paints has had a negative performance of -41.74% in the last year, while the Sensex has seen a positive performance of 19.57%.

Despite these recent developments, it is important to note that this article is not making any recommendations or predictions about the future potential of Shalimar Paints. It is simply stating the facts and figures based on the current market situation. Investors are advised to do their own research and make informed decisions before investing in any stock.