Shankar Lal Rampal Dye-Chem Hits 52-Week Low, Shows High Volatility in Trading

Oct 29 2024 10:35 AM IST
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The stock has been underperforming the sector and has shown a negative 1-year performance, with a high volatility in its intraday range. MarketsMojo has given a 'Sell' call for the stock.

Shankar Lal Rampal Dye-Chem, a microcap trading company, has recently hit a 52-week low on October 29, 2024. The stock has been underperforming the sector by -3.48% and has been on a downward trend for the past three days, with a fall of -9.78% in returns during this period.

Today, the stock opened with a gain of 3.08% and touched an intraday high of Rs 96.95, but later fell to an intraday low of Rs 87.3, showing high volatility with an intraday range of 5.68%. The stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex performance of 24.70%, Shankar Lal Rampal Dye-Chem has shown a negative 1-year performance of -10.30%. MarketsMOJO has given a 'Sell' call for the stock.

Despite the recent dip in stock price, Shankar Lal Rampal Dye-Chem remains a strong player in the trading industry. Investors should carefully consider their options before making any decisions regarding this microcap company.
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