Landmark Cars Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Landmark Cars, a smallcap company in the auto ancillary industry, has recently hit a 52-week low on August 9, 2024. The stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a negative outlook for the company's performance.

On August 9, the stock price of Landmark Cars touched a low of Rs.600.75, which is the lowest it has been in the past 52 weeks. However, the stock has outperformed the sector by 0.62% on the same day. It also saw an intraday high of Rs.619, showing a 2.83% increase.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. This could be a cause for concern for investors.

In the past year, Landmark Cars has seen a negative performance of -14.83%, while the Sensex has shown a positive performance of 20.86%. This further highlights the underperformance of the company in comparison to the overall market.

It is important for investors to carefully consider the current state of Landmark Cars before making any investment decisions. With a 'Strong Sell' rating and a 52-week low, it may be wise to approach this stock with caution.