Sangam India Ltd's Stock Performance Continues to Decline, Receives 'Strong Sell' Rating from MarketsMOJO

Aug 05 2024 01:00 PM IST
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Sangam (India) Ltd, a smallcap textile company, has been experiencing a downward trend in its stock performance. On August 5th, 2024, the stock lost -7.05%, underperforming the sector by -2.6%. This has resulted in a 'Strong Sell' call by MarketsMojo. The stock has been consistently falling for the past 4 days, with a total decline of -9.34%. It is currently trading below its moving averages and has underperformed the market by -3.23% in the last 1 day and -2.04% in the last 1 month.


Sangam (India) Ltd, a smallcap company in the textile industry, has been facing a downward trend in its stock performance. On August 5th, 2024, the company's stock lost -7.05%, underperforming the sector by -2.6%. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock has been on a consecutive fall for the last 4 days, with a total decline of -9.34% during this period. It opened with a gap down of -4.62% today and touched an intraday low of Rs 382.2 (-7.24%). This indicates a negative sentiment among investors.

Sangam India's stock is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, which further reflects its poor performance. The textile sector as a whole has also seen a decline of -3.79%.

In comparison to the overall market performance, Sangam (India) Ltd has underperformed the Sensex by -3.23% in the last 1 day and -2.04% in the last 1 month. This indicates a significant decline in the company's stock value.

It is important to note that this article is based on factual information and does not include any external data or sources. It is important for investors to conduct their own research and make informed decisions before investing in any company.
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