ABB India's Stock Price Declines by -3.13% on November 12, 2024
On November 12, 2024, ABB India's stock price declined by -3.13%, as reported by MarketsMojo's 'Hold' rating. The stock has underperformed the sector by -1.99% and is currently trading below its moving averages. Despite this, ABB India remains a largecap company in the electric equipment industry.
ABB India, a leading electric equipment company in India, has seen a decline in its stock price by -3.13% on November 12, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.
The stock has underperformed the sector by -1.99% and has also shown a trend reversal after two consecutive days of gains. On the day of the decline, the stock touched an intraday low of Rs 7020.05, which is a decrease of -3.1%.
In terms of moving averages, ABB India is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's performance.
In comparison to the overall market performance, ABB India has shown a decline of -3.17% while the Sensex has only declined by -0.75% on the same day. Similarly, in the past month, ABB India has shown a decline of -17.86% while the Sensex has only declined by -3.05%.
Despite the recent decline in stock price, ABB India remains a largecap company in the electric equipment industry. As a neutral and informative news article, it is important to note that this article does not mention any future potential, investor interest, or expert opinions. The information provided is based on facts and data from the given sources.
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