3M India's Stock Sees Decline, MarketsMOJO Calls for 'Hold' Amidst Bearish Trend

3M India ., a leading diversified company in the largecap industry, has recently seen a decline in its stock price. On November 13, 2024, the company's stock lost -3.4%, underperforming the sector by -2.98%. This has led to a 'Hold' call by MarketsMOJO.

The stock has been on a downward trend for the past four days, with a total fall of -6.34% during this period. On the same day, the stock touched an intraday low of Rs 33600, showing a decline of -3.4%. This is in contrast to the performance of the Sensex, which only saw a -0.31% decrease.

3M India's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend in the stock's performance.

In comparison to the Sensex, 3M India's stock has underperformed in the past month, with a -1.55% decrease compared to the Sensex's -3.63% decrease. This further supports the 'Hold' call by MarketsMOJO.

While the decline in stock price may be concerning for investors, it is important to note that this is a fact-based report and does not include any external data or sources. It is recommended to do further research and analysis before making any investment decisions.