Shiva Cement Hits 52-Week Low, Underperforms Sector with -4.07% Decrease Today

Shiva Cement, a smallcap company in the cement industry, has recently hit a 52-week low on November 13, 2024. The stock has been underperforming the sector, with a decrease of -4.07% in its performance today. This is the second consecutive day that the stock has been losing, with a total fall of -7.98% in this period.

The stock touched an intraday low of Rs. 37, which is a decrease of -7.96% from its previous close. Shiva Cement is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its price.

According to MarketsMOJO, a leading stock market analysis platform, the stock has been given a 'Strong Sell' call. This suggests that investors should exercise caution while considering investing in Shiva Cement.

In the past year, Shiva Cement has seen a decrease of -21.41% in its performance, while the Sensex has seen a positive growth of 19.52%. This further highlights the underperformance of the stock in comparison to 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 intended to provide a neutral and informative tone for readers to make their own informed decisions. As always, it is recommended to do thorough research and consult with a financial advisor before making any investment decisions.