Shalimar Paints Hits 52-Week Low, Rated 'Strong Sell' by MarketsMOJO

Shalimar Paints, a smallcap company in the paints industry, has recently hit a 52-week low on October 22, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Strong Sell'.

The stock's price summary shows that it has hit a new low of Rs.122.35 today and has underperformed the sector by -0.89%. In the last four days, the stock has been on a downward trend, with a fall of -6.71% in returns. Additionally, Shalimar Paints is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex's performance of 24.33%, Shalimar Paints has had a negative 1-year performance of -34.54%. This indicates that the company has not been able to keep up with the overall market trend.

Despite these recent developments, it is important to note that this article is not making any recommendations or predictions about the future potential of Shalimar Paints. It is simply presenting the facts and figures based on the current market situation. Investors and experts may have their own opinions and analysis, but it is always advisable to do thorough research and consult with a financial advisor before making any investment decisions.