SSWL's Stock Shows High Volatility and Mixed Trend in Short Term

Jun 03 2024 09:37 AM IST
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Steel Strips Wheels Ltd (SSWL) is a smallcap company in the auto ancillary industry. Today, the stock opened with a gain of 6.47%, but underperformed the sector by -0.88%. Its current stock call is 'Sell' by MarketsMojo, and it is trading higher than its 5-day and 20-day moving averages. However, its performance in the past month has been -2.84%, indicating a mixed trend in the short term. Investors should do thorough research and consult with a financial advisor before making any investment decisions.

Steel Strips Wheels Ltd (SSWL) is a smallcap company in the auto ancillary industry. Today, the stock opened with a gain of 6.47%, but underperformed the sector by -0.88%. It touched an intraday high of Rs 228.9, showing high volatility with an intraday range of 52.74%. The stock's performance in the past month has been -2.84%, while the Sensex has performed at 2.86%.

SSWL's current stock call is 'Sell' by MarketsMOJO, indicating a negative outlook for the company. The stock is currently trading higher than its 5-day and 20-day moving averages, but lower than its 50-day, 100-day, and 200-day moving averages. This suggests a mixed trend for the stock in the short term.

As a smallcap company in the auto ancillary industry, SSWL may face challenges in the current market conditions. However, 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.
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