Adani Wilmar's Stock Price Declines by -3.76%, MarketsMOJO Calls for 'Strong Sell'

Adani Wilmar, a leading FMCG company in India, has recently faced a decline in its stock price. On October 25, 2024, the company's stock fell by -3.76%, underperforming the sector by -4.26%. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock's performance today is a reversal from its previous two days of consecutive gains. It also touched an intraday low of Rs 326.4, a decrease of -4.08%. However, the stock's moving averages show a mixed trend, with it being higher than the 5 day moving average but lower than the 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the Sensex, Adani Wilmar's 1 day performance is -3.75%, while the Sensex's performance is -0.24%. Similarly, in the past month, the company's stock has seen a decline of -5.31%, while the Sensex has seen a decline of -6.22%.

While the reasons for this decline in stock price are not mentioned, investors should keep an eye on the company's performance in the coming days. Adani Wilmar is a largecap company in the FMCG industry, and its stock performance can have an impact on the overall sector.