Angel One's Stock Sees Decline of -4.04% on February 12, Still Outperforms Market in Long Term

Angel One, a leading finance and non-banking financial company (NBFC) in the largecap industry, has recently faced a decline in its stock performance. On February 12, 2024, the company's stock saw a decrease of -4.04%, according to data from MarketsMOJO.

The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on its performance. In comparison to the sector, Angel One's stock has underperformed by -2.61% on the same day.

This decline in stock performance is not an isolated incident, as the stock has been on a downward trend for the past two days, with a total fall of -4.11% during this period. On February 12, the stock hit an intraday low of Rs 3246.1, showing a decrease of -4.32%.

Despite this recent decline, Angel One's stock is still performing well in the long term. It is currently trading higher than its 100-day and 200-day moving averages, but lower than its 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Angel One's stock has seen a decline of -4.32% in just one day, while the Sensex has only seen a decrease of -0.28%. In the past month, Angel One's stock has also underperformed the Sensex, with a decline of -14.49% compared to the Sensex's -1.62% decrease.

While the recent decline in Angel One's stock performance may be a cause for concern, it is important to note that the company's long-term performance is still strong. Investors should continue to monitor the stock's performance and make informed decisions based on their own research and analysis.