Arihant Capital Markets' Stock Sees Decline, But Long Term Performance and 'Buy' Call Suggests Potential.

Arihant Capital Markets, a smallcap company in the finance/NBFC industry, has been making headlines in the stock market recently. On October 22, 2024, the company's stock saw a decline of -7.04%, underperforming the sector by -3.7%. However, despite this recent dip, MarketsMOJO has given a 'Buy' call for the stock.

Taking a closer look at the price summary, we can see that the stock opened with a gain of 2.19% today, but then fell to touch an intraday low of Rs 107.95 (-7.3%). This marks the second consecutive day of losses for the stock, with a total decline of -7.12% in this period. However, it is worth noting that the stock is still performing well in the long term, with its moving averages higher than the 50 day, 100 day, and 200 day averages.

In terms of sector performance, Finance/NBFC has also seen a decline of -2.76%, which may have contributed to the drop in Arihant Capital Markets' stock. However, it is important to note that the company's 1 day performance of -7.04% is still better than the Sensex's performance of -1.21%. In fact, even in the past month, Arihant Capital Markets has outperformed the Sensex with a decline of only -2.16% compared to the Sensex's -5.18%.

Overall, while there has been a recent dip in Arihant Capital Markets' stock, the company's long term performance and the 'Buy' call from MarketsMOJO suggest that it may still be a good investment opportunity for those interested in the finance/NBFC industry.