Arvee Laboratories (India) Ltd Receives 'Hold' Rating from MarketsMOJO, Stock Performance Remains Strong

Jan 05 2024 08:09 PM IST
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Arvee Laboratories (India) Ltd, a microcap company in the chemicals industry, has received a 'Hold' rating from MarketsMojo. Despite a recent drop in stock price, it is still performing well above its moving averages. However, it has underperformed the sector and Sensex, indicating potential for further monitoring.

Arvee Laboratories (India) Ltd, a microcap company in the chemicals industry, has been given a 'Hold' rating by MarketsMOJO. The stock price of the company reached a high of 178, but has since dropped to 168.5. Today, the stock underperformed the sector by -1.3%.

Despite this, Arvee Laboratories' stock is still performing well in terms of moving averages. It is currently higher than the 20 day, 50 day, 100 day, and 200 day moving averages. However, it is lower than the 5 day moving average.

In comparison to the Sensex performance, Arvee Laboratories' stock has seen a -1.52% decrease, while the Sensex has seen a 0.25% increase. This shows that the company's stock has not been as strong as the overall market.

Arvee Laboratories (India) Ltd specializes in the production of chemicals, catering to various industries such as pharmaceuticals, agriculture, and personal care. With a 'Hold' rating from MarketsMOJO, investors may want to closely monitor the company's performance in the coming days.
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