Flomic Global Logistics Ltd Receives 'Strong Sell' Rating and Sees Mixed Performance

Jan 05 2024 06:39 PM IST
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Flomic Global Logistics Ltd, a microcap company in the finance/NBFC industry, has received a 'Strong Sell' rating from MarketsMojo. Manas Strategic Consultants Private Limited sold 39.62 k shares of the company at Rs 81.67 on BSE on December 27, 2023. Despite outperforming the sector today, the stock has been on a downward trend for the last month and is currently below the 50, 100, and 200 day moving averages. Investors should carefully consider the company's performance before making any investment decisions.


Flomic Global Logistics Ltd, a microcap company in the finance/NBFC industry, has recently received a 'Strong Sell' rating from MarketsMOJO. This comes as Manas Strategic Consultants Private Limited sold 39.62 k shares of the company at Rs 81.67 on BSE on December 27, 2023.

Despite outperforming the sector by 0.93% today, Flomic Global Logistics Ltd has been on a downward trend for the last month, with a -1.39% return compared to the Sensex's 3.94% return. In fact, the stock has been gaining for the last 3 days, but has only seen a 2.97% increase in that time period.

When looking at moving averages, Flomic Global Logistics Ltd's stock is currently higher than the 5 day and 20 day averages, but lower than the 50 day, 100 day, and 200 day averages. This indicates a mixed performance for the company in the short and long term.

Investors should take note of this recent 'Strong Sell' rating and the downward trend in performance for Flomic Global Logistics Ltd. While the stock may have outperformed the sector today, it is important to consider the overall performance and potential risks before making any investment decisions.
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