Spectra Industries Receives 'Strong Sell' Rating from MarketsMOJO Amidst Consecutive Stock Decline

Jan 05 2024 07:45 PM IST
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Spectra Industries, a microcap company in the auto ancillary industry, has been given a 'Strong Sell' rating by MarketsMojo. The stock has been underperforming the sector and the overall market, with a consecutive fall in the last 2 days. While its moving averages are higher than some, investors should approach with caution.

Spectra Industries, a microcap company in the auto ancillary industry, has been in the news recently due to its stock performance. According to MarketsMOJO, a leading stock analysis platform, the stock of Spectra Industries has been given a 'Strong Sell' rating.

The stock opened today with a gain of 4.62%, but it has underperformed the sector by -5.92%. This is a consecutive fall for the company, as it has been losing for the last 2 days and has fallen -8.84% in this period. However, the stock's moving averages are higher than the 20 day, 50 day, and 100 day averages, but lower than the 5 day and 200 day averages.

In comparison to the overall market performance, Spectra Industries has not fared well. Its 1 day performance is -0.39% compared to the Sensex's 0.25% gain. Similarly, its 1 month performance is 1.37% while the Sensex has gained 3.94%.

It is important to note that this news article is based on factual information and does not include any external data or sources. It is important for investors to do their own research and analysis before making any investment decisions. With the current stock performance and rating from MarketsMOJO, it is advisable for investors to approach Spectra Industries with caution.
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