India Gelatine & Chemicals Ltd Hits 52-Week Low Amid Negative Sentiment

Nov 21 2024 10:15 AM IST
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India Gelatine & Chemicals Ltd, a microcap company in the chemicals industry, hit a 52-week low on November 21, 2024. MarketsMojo has given a 'Sell' call, reflecting negative sentiment towards the company's performance. The stock has been on a downward trend for the last 2 days and is currently trading below its moving averages. While the high dividend yield may be attractive, the stock's 1-year performance has been -10.84%. Investors are advised to do their own research before investing.

India Gelatine & Chemicals Ltd, a microcap company in the chemicals industry, has recently hit a 52-week low on November 21, 2024. The stock has been given a 'Sell' call by MarketsMOJO, indicating a negative sentiment towards the company's performance.

On the day of the 52-week low, the stock opened with a gain of 4.11% but closed at Rs.306.05, which is -3.15% lower than the previous day's close. The stock has been on a downward trend for the last 2 days and has seen a fall of -3.88% during this period. This underperformance is also reflected in the stock's performance compared to its sector, with a difference of -1.81%.

India Gelatine & Chemicals Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's high dividend yield of 3.48% may be attractive to some investors, but it is important to note that the stock's 1-year performance has been -10.84%, while the Sensex has seen a positive growth of 16.87%.

It is important to keep in mind that this article is based on factual information and does not include any external data or sources. As a microcap company in the chemicals industry, India Gelatine & Chemicals Ltd may face challenges in the current market conditions. Investors are advised to do their own research and consult with a financial advisor before making any investment decisions.
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