Chowgule Steamships Hits 52-Week High, But Receives 'Sell' Call from MarketsMOJO

Chowgule Steamships, a microcap shipping company, has recently seen a surge in its stock price, hitting a 52-week high of Rs.33.9 on May 6th, 2024. However, according to MarketsMOJO, the stock has been given a 'Sell' call.

The stock's performance today has been underwhelming, underperforming the sector by -6.26%. This comes after 11 consecutive days of gains, indicating a possible trend reversal. The stock opened with a gap up of 4.08% today, but has since touched an intraday low of Rs.30.95, a decrease of -4.97%.

Despite the recent dip, Chowgule Steamships is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that the stock has been on an upward trend in the past few months.

In terms of overall performance, Chowgule Steamships has outperformed the Sensex by a significant margin, with a 1-year performance of 135.36% compared to the Sensex's 21.74%. This indicates a strong performance by the company in the past year.

Chowgule Steamships is a microcap company in the shipping industry, and its recent stock price surge may be attributed to its strong performance and potential growth in the sector. However, according to MarketsMOJO, investors should consider selling their shares in the company.