Shoppers Stop Hits 52-Week Low, Stock Call 'Strong Sell' by MarketsMOJO

Shoppers Stop, a leading retail company in India, has recently hit a 52-week low on November 26, 2024. The stock price of the company has been on a downward trend, with a current stock call of 'Strong Sell' by MarketsMOJO.

The stock opened today at Rs. 597.2, which is its new 52-week low. It has underperformed the sector by -1.91% and has been on a consecutive fall for the last 2 days, with a decline of -3.57% during this period. However, there was a slight positive movement today as the stock opened with a gain of 2.07%.

The intraday high for Shoppers Stop was Rs. 618.25, which is a 2.07% increase from its opening price. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the Sensex performance of 21.20%, Shoppers Stop has shown a negative 1-year performance of -11.55%. This could be attributed to various factors such as the impact of the pandemic on the retail industry and the company's financial performance.

Investors and experts are advised to closely monitor the stock's performance and make informed decisions based on their own analysis. It is important to note that this article is based on factual information and does not contain any future potential, investor interest, or expert recommendations. As with any investment, it is always advisable to do thorough research and consult with a financial advisor before making any decisions.