Spencers Retail receives 'Strong Sell' rating from MarketsMOJO, stock outperforms sector

Spencers Retail, a microcap company in the retailing industry, has been given a 'Strong Sell' rating by MarketsMOJO. The stock opened today with a gain of 2.6%, outperforming the sector by 1.49%. This was also reflected in the stock's intraday high of Rs 106.8, which was 2.69% higher than the previous day's close.

Despite this positive start, Spencers Retail's moving averages show a mixed trend. While it is higher than the 50, 100, and 200 day moving averages, it is lower than the 5 and 20 day moving averages. This indicates a potential volatility in the stock's performance in the short term.

In comparison to the Sensex, Spencers Retail has shown a 1.39% increase in performance in the last 1 day, while the Sensex has only seen a 0.08% increase. However, in the last 1 month, Spencers Retail has underperformed the Sensex with a -10.35% decrease in performance compared to the Sensex's 3.23% increase.

It is important to note that this information is based on facts and data provided by MarketsMOJO, without any influence from investor interest or expert opinions. As a microcap company, Spencers Retail may have potential for growth in the future, but it is important for investors to carefully consider all factors before making any investment decisions.