Shankara Building Products Hits 52-Week Low, Underperforms Sector

Sep 19 2024 10:35 AM IST
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Shankara Building Products, a smallcap company in the construction material industry, has been underperforming the sector with a -0.54% difference in performance today. The stock has hit a 52-week low and is currently trading below its moving averages, indicating a downward trend. In the past year, the stock has declined -25.88%, while the Sensex has shown positive growth. MarketsMojo has given a 'Sell' call for the stock.

Shankara Building Products, a smallcap company in the construction material industry, has recently hit a 52-week low on September 19, 2024. The stock has been underperforming the sector, with a -0.54% difference in performance today. This marks the third consecutive day of losses for the company, with a total decline of -2.49% in this period.

Today, the stock opened with a gain of 2.03%, but touched an intraday high of Rs 579 before closing at Rs 561.8, its new 52-week low. Shankara Building Products is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.

In the past year, Shankara Building Products has seen a decline of -25.88% in its stock price, while the Sensex has shown a positive growth of 23.51%. This suggests that the company has not been able to keep up with the overall market performance.

MarketsMOJO has given a 'Sell' call for Shankara Building Products, indicating a negative outlook for the stock. Investors should keep an eye on the company's performance and market trends before making any investment decisions.
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