Raj Television Network Hits 52-Week Low, Underperforms Sector and Sensex

Sep 30 2024 03:35 PM IST
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Raj Television Network, a microcap company in the TV broadcasting and software industry, has hit a 52-week low on September 30, 2024. The stock has been on a downward trend and is currently trading below all moving averages. In comparison to the Sensex, the company has underperformed in the past year, with a -4.31% return. Investors are advised to approach with caution.

Raj Television Network, a microcap company in the TV broadcasting and software industry, has recently hit a 52-week low on September 30, 2024. This news has caused concern among investors as the stock call by MarketsMOJO is currently a "Strong Sell."

The stock price of Raj Television Network has been on a downward trend, with the latest low being Rs. 48. Today's performance has also been underwhelming, as the stock has underperformed the sector by -4.6%. Intraday, the stock touched a low of Rs. 48, which is a decrease of 4.38%.

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

In comparison to the Sensex performance, Raj Television Network has not fared well in the past year, with a -4.31% return while the Sensex has seen a 28.06% increase. This further highlights the underperformance of the company in the market.

While the future potential of Raj Television Network remains to be seen, the current market trends and stock call suggest a cautious approach for investors. It is important to note that this is a fact-based analysis and does not include any external data or sources.
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