Suryalata Spinning Mills Hits 52-Week Low, Underperforms Textile Sector

Mar 26 2024 09:35 AM IST
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Suryalata Spinning Mills, a microcap company in the textile industry, has been facing a downward trend in its stock price. On March 26, the stock hit a 52-week low and has been underperforming the sector with a -3.36% difference in performance. The company has seen a decline of -37.68% in the past year, indicating a negative outlook for the stock.

Suryalata Spinning Mills, a microcap company in the textile industry, has recently hit a 52-week low on March 26, 2024. The stock has been underperforming the sector, with a -3.36% difference in performance today. This marks the fifth consecutive day of losses for the company, with a total decline of -7.65% in this period.

On March 26, the stock touched an intraday low of Rs. 348.6, a decrease of -3.93% from the previous day. Suryalata Spinning Mills is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.

In the past year, Suryalata Spinning Mills has seen a decline of -37.68% in its stock price, while the Sensex has shown a positive growth of 26.19%. This suggests that the company has not been able to keep up with the overall market performance.

MarketsMOJO has given a 'Sell' call for Suryalata Spinning Mills, indicating a negative outlook for the stock. Investors should keep a close eye on the company's performance and market trends before making any investment decisions.
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