Suryaamba Spinning Mills' Stock Sees 2.65% Gain, But Receives 'Strong Sell' Rating from MarketsMOJO

Jan 05 2024 07:44 PM IST
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Suryaamba Spinning Mills, a microcap textile company, saw a 2.65% increase in its stock price today. However, according to MarketsMojo, the stock has been given a 'Strong Sell' rating. The stock has also underperformed the sector by -0.6% today and has only seen a 0.03% gain in the past month compared to the Sensex's 3.94%. Investors should take note of this rating before making any decisions regarding the stock.

Suryaamba Spinning Mills, a microcap textile company, saw a 2.65% gain in its stock price today. However, according to MarketsMOJO, the stock has been given a 'Strong Sell' rating. The stock has also underperformed the sector by -0.6% today.

In the past two days, the stock has been on a gaining streak, rising by 2.4%. It also opened with a gap up of 2.65% today and reached an intraday high of Rs 180 (3.84%). The stock's moving averages are currently higher than the 5-day, 20-day, and 50-day averages, but lower than the 100-day and 200-day averages.

Compared to the Sensex performance of 0.25%, Suryaamba Spinning Mills' 1-day performance was 0.95%. Similarly, in the past month, the stock's performance was only 0.03% compared to the Sensex's 3.94%.

While the stock may have seen some gains in the past few days, it is important to note that MarketsMOJO has given it a 'Strong Sell' rating. Investors should carefully consider this information before making any decisions regarding Suryaamba Spinning Mills' stock.
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