Suryavanshi Spinning Mills Ltd Stock Sees 3.88% Gain, But Receives 'Strong Sell' Rating

Jan 05 2024 07:43 PM IST
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Suryavanshi Spinning Mills Ltd, a microcap company in the textile industry, saw a 3.88% increase in its stock price today. Despite this, MarketsMojo has given the stock a 'Strong Sell' call. The company has performed in line with the sector and has outperformed the Sensex in the past day and month, but as a microcap company, it may carry higher risks for investors.

Suryavanshi Spinning Mills Ltd, a microcap company in the textile industry, saw a 3.88% gain in its stock price today. However, according to MarketsMOJO, the stock has been given a 'Strong Sell' call.

In terms of performance, Suryavanshi Spinning Mills Ltd has been inline with the sector today. The stock is also trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a positive trend.

Compared to the Sensex, Suryavanshi Spinning Mills Ltd has outperformed with a 1.45% gain in the past day, while the Sensex only saw a 0.25% increase. Over the past month, the company's stock has also outperformed the Sensex with a 3.73% gain, compared to the Sensex's 3.94% increase.

However, it is important to note that this information is based on past performance and does not guarantee future results. As a microcap company, Suryavanshi Spinning Mills Ltd may be more volatile and carry higher risks for investors. It is always recommended to do thorough research and consult with a financial advisor before making any investment decisions.
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