Amber Enterprises India's Stock Price Declines by -5.35% on October 4th, 2024

Amber Enterprises India, a leading player in the consumer durables industry, has seen a decline of -5.35% in its stock price on October 4th, 2024. The stock has been given a 'Hold' call by MarketsMOJO, a leading stock market analysis platform.

The stock's performance today has underperformed the sector by -5.53%, indicating a downward trend. This comes after three consecutive days of gains for the stock. The stock also touched an intraday low of Rs 4890.05, a decline of -5.42%.

Despite the recent decline, Amber Enterprises India is still trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This suggests that the stock is still in a relatively strong position.

In comparison to the overall market performance, Amber Enterprises India has seen a decline of -5.16% in the past day, while the Sensex has only declined by -0.98%. Over the past month, the stock has outperformed the Sensex with a growth of 8.92% compared to the market's decline of -0.81%.

Overall, the recent decline in Amber Enterprises India's stock price may be a cause for concern for investors. However, the stock's strong performance in the past month and its position above key moving averages may indicate a potential for recovery in the near future. Investors are advised to closely monitor the stock's performance and make informed decisions based on their individual risk appetite.