Ugro Capital's Stock Sees Decline Amidst Challenging Market Conditions, But MarketsMOJO Gives 'Buy' Call

Ugro Capital, a smallcap finance company, has been facing a tough time in the stock market recently. On March 13, 2024, the company's stock saw a decline of -7.01%, underperforming the sector by -4.6%. This has been a trend for the past 6 days, with the stock falling by -16.8% in this period.

The stock's performance today was also reflected in its intraday low of Rs 231 (-6.87%). Ugro Capital is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend.

The finance and NBFC sector as a whole has also seen a decline of -2.19%, further adding to the challenges faced by Ugro Capital. However, despite these challenges, MarketsMOJO has given a 'Buy' call for the stock, indicating potential for growth in the future.

In comparison to the overall market performance, Ugro Capital's stock has underperformed, with a -7.28% decline compared to Sensex's -0.57%. Over the past month, the stock has seen a decline of -12.10%, while Sensex has seen a growth of 2.36%.

While the current market conditions may be challenging for Ugro Capital, the company's long-term potential and growth prospects cannot be ignored. With a 'Buy' call from MarketsMOJO, investors may want to keep an eye on this smallcap finance company for potential opportunities in the future.