Microcap FMCG Company Megastar Foods Hits 52-Week Low, Underperforming in Market

Jun 03 2024 10:05 AM IST
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Megastar Foods, a microcap FMCG company, has been underperforming in the market with a 'Strong Sell' call by MarketsMojo. The stock has hit a 52-week low and is currently trading below its moving averages. In the past year, it has seen a negative performance compared to the Sensex. Investors are advised to approach with caution.

Megastar Foods, a microcap FMCG company, has recently hit a 52-week low on June 3rd, 2024. The stock has been underperforming in the market, with a 'Strong Sell' call by MarketsMOJO. Today, the stock touched an intraday low of Rs. 243, which is a decrease of 2.08%.

In the past four days, Megastar Foods has been on a downward trend, with a fall of 6.43% in returns. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish sentiment in the market for Megastar Foods.

In comparison to the Sensex performance of 21.56%, Megastar Foods has seen a negative 18.49% performance in the past year. This further highlights the underperformance of the company in the FMCG industry.

Investors and experts are advised to approach Megastar Foods with caution, as the stock continues to show a downward trend. With no signs of improvement in the near future, it is important to carefully consider the risks before investing in this microcap company.
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