Microcap Textile Company Akshar Spintex Hits 52-Week Low, Underperforms Sector

Akshar Spintex, a microcap textile company, has recently hit a 52-week low on November 28, 2024. This news has been confirmed by MarketsMOJO, who have given a 'Strong Sell' call for the stock. The current price of the stock is Rs. 0.71, which is also its all-time low.

In today's trading session, Akshar Spintex has underperformed the sector by -2.19%. This is the third consecutive day that the stock has been losing, with a total fall of -4.05% in this period. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Akshar Spintex has seen a significant decline in its performance, with a -82.26% return. In comparison, the Sensex has shown a positive return of 20.43%. This indicates a significant underperformance by the company.

Akshar Spintex is a microcap company in the textile industry. While the company's stock may seem attractive due to its low price, investors should be cautious and do their own research before making any investment decisions. This news is for informational purposes only and should not be considered as a recommendation to buy or sell the stock.