Raymond's Stock Hits 52-Week Low, 'Hold' Call Issued by MarketsMOJO

Raymond, a leading textile company in the midcap industry, has recently seen a dip in its stock price. On November 18, 2024, the company's stock hit a 52-week low of Rs. 1462.45. This has led to a 'Hold' call on the stock by MarketsMOJO.

The stock's performance today has been underwhelming, as it has underperformed the sector by -1.63%. The day's high for the stock was Rs. 1534.45, a 2.05% increase from the previous day. However, the stock also touched an intraday low of Rs. 1462.45, a decrease of -2.74%.

Raymond's moving averages also show a downward trend, as the stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish sentiment in the market for the company's stock.

In the past year, Raymond's performance has been -17.88%, while the Sensex has seen a positive growth of 17.51%. This shows a significant difference in the performance of the company compared to the overall market.

Investors and experts are advised to hold their positions on Raymond's stock, as the company's performance has been lackluster in the past year. However, with its strong presence in the textile industry and potential for growth, Raymond remains a key player in the midcap market.