Ahluwalia Contracts (India) Ltd sees -5.3% decline in stock, outperforms sector by 1.36%

Ahluwalia Contracts (India) Ltd, a midcap company in the capital goods industry, saw a decline of -5.3% in its stock on June 5th, 2024. This drop was in line with the overall performance of the sector, which fell by -3.79%. The stock has been on a downward trend for the past two days, with a consecutive fall of -10.63% during this period.

Despite this recent decline, MarketsMOJO has given a 'Hold' rating for Ahluwalia Contracts (India) Ltd. The stock has also outperformed the sector by 1.36% today, indicating some resilience in the face of market volatility.

On June 5th, the stock touched an intraday low of Rs 1059.35, a decrease of -5.25% from the previous day's closing price. However, the stock's moving averages are still higher than the 100 day and 200 day averages, but lower than the 5 day, 20 day, and 50 day averages.

In comparison to the overall market performance, Ahluwalia Contracts (India) Ltd has underperformed the Sensex by -5.17% in the past day and -3.28% in the past month. However, it is important to note that this is a midcap company and may have different market dynamics compared to the overall market.

It is important for investors to keep a close eye on the performance of Ahluwalia Contracts (India) Ltd and the capital goods sector as a whole. With the current market volatility, it is crucial to make informed decisions based on facts and not rely on speculation or recommendations.