Ambika Cotton Mills' Stock Declines -9.7% on August 12, 2024, Outperforms Market in Past Month

Ambika Cotton Mills, a smallcap textile company, saw a decline of -9.7% in its stock on August 12, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

In terms of price, Ambika Cotton Mills underperformed the sector by -8.04% on the same day. The stock opened with a loss of -4.15% and touched an intraday low of Rs 1749.75, which is -11.73% lower than its previous closing price.

However, the stock's moving averages show a mixed trend. It is currently higher than the 50-day, 100-day, and 200-day moving averages, but lower than the 5-day and 20-day moving averages.

In comparison to the overall market performance, Ambika Cotton Mills' stock saw a decline of -7.78% on the same day, while the Sensex only saw a decline of -0.26%. Over the past month, the stock has outperformed the Sensex with a growth of 7.91% compared to the Sensex's decline of -1.26%.

Overall, Ambika Cotton Mills' stock has shown a decline in its performance on August 12, 2024. However, it has been performing better than the overall market in the past month. Investors are advised to hold their positions and monitor the company's performance closely.