Permanent Magnets Hits 52-Week Low, 'Sell' Call by MarketsMOJO

Permanent Magnets, a microcap engineering company, has recently hit a 52-week low on October 8th, with its stock price dropping to Rs.900. This has led to a 'Sell' call by MarketsMOJO, a leading stock market analysis platform.

The company's stock has been underperforming the sector, with a -0.92% difference in performance today. In fact, it has been on a downward trend for the past two days, with a -2.82% decrease in returns during this period. The stock also touched an intraday low of Rs.900, a significant -4.23% drop.

In terms of moving averages, Permanent Magnets is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages. This indicates a bearish trend for the stock.

In comparison to the Sensex, Permanent Magnets has had a negative 1-year performance of -35.53%, while the Sensex has seen a positive growth of 22.87%. This further highlights the company's struggling performance in the market.

As a microcap company in the engineering industry, Permanent Magnets may face challenges in the current market conditions. Investors should carefully consider their options before making any decisions regarding this stock.