Spandana Sphoorty Financial Hits 52-Week Low, Underperforms Sector and Sensex

Spandana Sphoorty Financial, a smallcap finance company, has recently hit a 52-week low on October 18, 2024. The stock has been on a downward trend for the past 6 days, with a consecutive fall of -9.79% in returns during this period. Today, the stock has outperformed the sector by 1.16%.

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' rating. The current price of the stock is Rs. 493.25, which is the new 52-week low. This is lower than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend for the stock.

In comparison to the Sensex, Spandana Sphoorty Financial has underperformed with a -37.22% return in the past year, while the Sensex has shown a positive return of 22.33%. This suggests that the stock has not been able to keep up with the overall market performance.

Spandana Sphoorty Financial is a smallcap finance company in the NBFC industry. While the stock may have hit a low, it is important to note that this is not a recommendation to buy or sell the stock. It is always advisable to do thorough research and consult with a financial advisor before making any investment decisions.