Shivalik Rasayan Hits 52-Week Low, Receives Strong Sell Rating from MarketsMOJO

Shivalik Rasayan, a microcap company in the chemicals industry, has recently hit a 52-week low on March 13, 2024. This news has been met with a "Strong Sell" call by MarketsMOJO, a leading stock market analysis platform.

The stock price of Shivalik Rasayan has been on a downward trend, underperforming the sector by -2.06% in today's trading session. It has also seen a consecutive fall for the last 3 days, with a significant decline of -12.55% during this period. The stock touched an intraday high of Rs 553.4 (2.21%) and an intraday low of Rs 524.5 (-3.13%).

Shivalik Rasayan is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock. This could be a cause for concern for investors.

In the past year, Shivalik Rasayan has seen a negative performance of -18.22%, while the Sensex has shown a positive performance of 26.48%. This further highlights the underperformance of the company in comparison to the overall market.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of Shivalik Rasayan. Investors are advised to do their own research and consult with a financial advisor before making any investment decisions.