Adani Ports & Special Economic Zone Stock Sees -3.2% Decline, Rated 'Hold' by MarketsMOJO

Adani Ports & Special Economic Zone, a largecap company in the port industry, has seen a decline in its stock price by -3.2% on October 7th, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold'.

In terms of performance, Adani Ports & Special Economic Zone has underperformed the sector by -0.46% today. The stock has also been on a downward trend for the past 3 days, with a fall of -5.83% during this period. The stock touched an intraday low of Rs 1375.55, representing a decrease of -2.65%.

While the stock's performance may be concerning, it is worth noting that Adani Ports & Special Economic Zone's moving averages are higher than its 200 day moving average. However, it is currently lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

In terms of sector performance, the port industry has also seen a decline of -2.65%.

Comparing Adani Ports & Special Economic Zone's performance to the overall market, the stock has seen a -3.26% decrease, while the Sensex has only seen a 0.01% increase in performance in the past day. Similarly, in the past month, Adani Ports & Special Economic Zone has seen a -5.19% decrease, while the Sensex has seen a 0.64% increase.

While the stock's performance may be a cause for concern, it is important to note that this article is based on factual information and does not include any external data or sources. As always, it is recommended to do your own research and consult with a financial advisor before making any investment decisions.