Ganesh Benzoplast Hits 52-Week Low, Underperforming Sector by -1.5%

Ganesh Benzoplast, a microcap logistics company, has recently hit a 52-week low on June 5th, 2024. The stock has been underperforming the sector by -1.5% and has been on a downward trend for the past four days, with a -15.8% decrease in returns during this period. Today, the stock opened with a loss of -2.28% and touched an intraday high of Rs 136.55 (2.21%) and an intraday low of Rs 127.35 (-4.68%).

According to MarketsMOJO, the stock has been given a 'Strong Sell' rating. Ganesh Benzoplast's current price of Rs.127.35 is its new 52-week low. The company's performance over the past year has been -15.60%, while the Sensex has seen a positive growth of 14.87%.

Ganesh Benzoplast is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock in the short and long term. However, it is important to note that this information is based on past performance and does not guarantee future results.

As a microcap company in the logistics industry, Ganesh Benzoplast may face challenges in the current market conditions. Investors should carefully consider all available information before making any investment decisions. This news article is for informational purposes only and does not recommend buying or selling the stock.