Trading company IEL hits 52-week low, receives 'Strong Sell' call from MarketsMOJO

Trading company IEL has recently hit a 52-week low on April 4th, 2024. This news comes as the stock has been on a downward trend for the past 9 days, with a consecutive fall of -35.67% in returns during this period. The stock is currently trading at Rs.6.69, which is a significant decrease from its previous highs.

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' call. This is due to its underperformance in the sector, with a -4.46% difference from the sector's performance today. Additionally, IEL is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the overall market performance, IEL has not fared well in the past year. Its returns have been -25.37%, while the Sensex has seen a growth of 25.40%. This further supports the 'Strong Sell' call given by MarketsMOJO.

It is important to note that IEL is a microcap company, which means it has a small market capitalization. This can make the stock more volatile and risky for investors. As a result, it is crucial for investors to carefully consider their options before making any investment decisions related to IEL.