Texmo Pipes Receives 'Sell' Rating from MarketsMOJO, Stock Underperforms Sector Today

Jan 05 2024 06:13 PM IST
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Texmo Pipes & Products Ltd, a microcap company in the plastic products industry, received a 'Sell' rating from MarketsMojo. The stock has underperformed the sector by -4.61% today and has fallen after two consecutive days of gains. Despite this, the stock has been trading higher than its moving averages and has outperformed the Sensex in the past month. Investors should conduct their own research before making any investment decisions.

Texmo Pipes & Products Ltd, a microcap company in the plastic products industry, has been given a 'Sell' rating by MarketsMOJO. The stock has underperformed the sector by -4.61% today and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 77.5, a decrease of -4.6%.

Despite the recent dip, Texmo Pipes is still trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates that the stock has been performing well in the long term.

In comparison to the Sensex, Texmo Pipes has had a -3.88% performance in the past day, while the Sensex has had a positive performance of 0.25%. In the past month, Texmo Pipes has outperformed the Sensex with a 10.28% performance compared to the Sensex's 3.94%.

While MarketsMOJO has given a 'Sell' rating for Texmo Pipes, it is important to note that this is not a recommendation from experts or investors. It is simply a performance analysis based on facts and data. Investors should do their own research and make informed decisions before investing in any stock.
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