Permanent Magnets' Stock Hits 52-Week Low, Underperforming Market by -36.81%

Nov 13 2024 09:35 AM IST
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Permanent Magnets, a microcap engineering company, has experienced a dip in its stock price, reaching a 52-week low on November 13, 2024. According to MarketsMojo, the stock has been given a Sell call and is currently trading below its moving averages. In the past year, the stock has underperformed the market significantly. Investors should conduct their own research before making any investment decisions.


Permanent Magnets, a microcap engineering company, has recently seen a dip in its stock price, hitting a 52-week low on November 13, 2024. According to MarketsMOJO, a leading stock analysis platform, the stock has been given a "Sell" call.

The stock opened today with a loss of -2.37% and touched an intraday low of Rs 852.3, underperforming the sector by -2.8%. It is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Permanent Magnets has seen a decline of -36.81% in its stock performance, while the Sensex has shown a growth of 21.03%. This indicates a significant underperformance by the company in comparison to the overall market.

It is important to note that this news article is based on factual information and does not include any future potential, investor interest, or expert opinions. As a microcap company in the engineering industry, Permanent Magnets' stock performance may be affected by various factors, and it is advisable for investors to conduct their own research before making any investment decisions.
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