Artefact Projects Ltd's Stock Sees Dip, Underperforms Sector by -2.68%
Artefact Projects Ltd, a microcap engineering company, experienced a dip in its stock price today, closing at Rs 84.32 after reaching a high of Rs 89.05. The stock's performance was underwhelming, underperforming the sector by -2.68%. Despite this, it is still trading above its moving averages and may hold potential for investors.
Artefact Projects Ltd, a microcap engineering company, saw a dip in its stock price today, closing at Rs 84.32 after reaching a high of Rs 89.05 earlier in the day. The stock's performance was underwhelming, underperforming the sector by -2.68%. This marks the second consecutive day of losses for the company, with a -3.95% decrease in returns during this period.
The stock's intraday high was Rs 89.05, showing a 2.73% increase, while the intraday low was Rs 83.8, a decrease of -3.32%. Despite this, Artefact Projects Ltd is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
In comparison to the Sensex, the stock's performance today was -2.72%, while the Sensex saw a 0.25% increase. This suggests that Artefact Projects Ltd's stock may not be performing as well as the overall market.
As a microcap company in the engineering industry, Artefact Projects Ltd may face challenges in the current market. However, with its consistent trading above the moving averages, it may still hold potential for investors. MarketsMOJO has given a 'Hold' call for the stock, indicating a neutral stance for now.
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