Supreme Holdings & Hospitality Ltd Hits 52-Week Low, Underperforming Sector

Supreme Holdings & Hospitality Ltd, a microcap real estate company, has recently hit a 52-week low on March 13, 2024. The stock has been underperforming the sector, with a -2.67% decrease in its performance today. This marks the second consecutive day of losses for the company, with a total decline of -8.05% in the past two days.

On March 13, the stock touched an intraday low of Rs 52.7, a decrease of -4.11%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

In comparison to the Sensex, Supreme Holdings & Hospitality has had a negative performance of -40.04% in the past year, while the Sensex has seen a positive growth of 26.37%. This suggests that the company has not been able to keep up with the overall market performance.

MarketsMOJO has given a 'Strong Sell' call for the stock, indicating a negative outlook for investors. It is important to note that this is a microcap company, which means it has a small market capitalization and may be more volatile compared to larger companies.

Investors should carefully consider the current performance and market trends before making any investment decisions regarding Supreme Holdings & Hospitality Ltd. It is always recommended to do thorough research and consult with a financial advisor before making any investment.