Suryalakshmi Cotton Mills Ltd's stock shows mixed trend, outperforms Sensex in short term

Jan 08 2024 10:31 AM IST
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Suryalakshmi Cotton Mills Ltd, a microcap company in the textile industry, saw a positive start to the day with a 4.52% gain in stock. However, it underperformed the sector by -1.52%. The stock has shown a trend reversal, gaining after two consecutive days of fall. Moving averages show a mixed trend in the short term. The stock has outperformed the Sensex in both 1-day and 1-month time frames, with a 'Hold' call from MarketsMojo. Investors should carefully consider the company's performance and market trends before making any investment decisions.


Suryalakshmi Cotton Mills Ltd, a microcap company in the textile industry, saw a positive start to the day as its stock opened with a gain of 4.52%. However, it underperformed the sector by -1.52% in today's trading session. The stock has shown a trend reversal, gaining after two consecutive days of fall.

In terms of moving averages, Suryalakshmi Cotton Mills Ltd's stock is currently higher than its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day moving average. This indicates a mixed trend for the stock in the short term.

In comparison to the overall market performance, Suryalakshmi Cotton Mills Ltd's stock has outperformed the Sensex in both the 1-day and 1-month time frames. While the stock saw a 0.07% increase in today's trading, the Sensex only saw a 0.01% increase. Similarly, in the past month, the stock has gained 4.85% while the Sensex has gained 3.16%.

Based on these factors, MarketsMOJO has given a 'Hold' call for Suryalakshmi Cotton Mills Ltd's stock. As a microcap company, it is important for investors to carefully consider the company's performance and market trends before making any investment decisions.
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