Garment Mantra Lifestyle, a microcap company in the Textiles industry, hit a new 52-week low on October 28, 2024 and has been given a “Strong Sell” rating by MarketsMojo. It has underperformed its sector and Sensex stocks and is below all moving averages, indicating bearish sentiment. Investors should approach with caution and conduct thorough research before investing. Get detailed stock report
Garment Mantra Lifestyle, a microcap company in the textile industry, recently hit a 52-week low on October 28, 2024. The stock has been given a “strong sell” rating by MarketsMOJO, indicating that the company’s outlook is negative.
Garment Mantra Lifestyle stock price closed at Rs 1,000. 2.2, the lowest value this year. However, it outperformed the sector by 2.2% on the same day. While this may be seen as a slight positive for the company, it is important to note that the stock price has been trending downward for the past two days.
When it comes to moving averages, Garment Mantra Lifestyle is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests bearish sentiment towards the stock.
When compared to Sensex, Garment Mantra Lifestyle has underperformed with a one-year return of just 2.55%, while Sensex has shown a return of 24.80%. This further highlights the company’s struggles in the current market.
Investors should exercise caution when considering Garment Mantra Lifestyle as an investment option, as Garment Mantra Lifestyle stock has been on a downtrend and received a negative rating from MarketsMOJO. It is important to do thorough research and analysis before making any investment decisions.
