Arvind's Stock Price Declines by -5.97% on February 12, 2024, But Shows Potential for Rebound

Arvind, a midcap textile company, has seen a decline in its stock price by -5.97% on February 12, 2024. According to MarketsMOJO, the stock has been given a 'Hold' call. The stock has underperformed the sector by -5.29% and has been on a downward trend for the past 6 days, with a fall of -11.5% in this period. On the same day, the stock touched an intraday low of Rs 276.25, a decrease of -5.73%.

Despite the recent decline, Arvind's moving averages are still higher than the 50-day, 100-day, and 200-day moving averages. However, it is currently lower than the 5-day and 20-day moving averages. This indicates that the stock may have potential for a rebound in the future.

In comparison to the Sensex performance, Arvind's 1-day performance is -6.69%, while the Sensex has only seen a -0.47% decline. Similarly, in the past month, Arvind's performance has been -7.02%, while the Sensex has only seen a -1.81% decline.

Overall, Arvind's recent stock performance has been on a downward trend, but it is still performing better than the sector and has potential for a rebound in the future. Investors are advised to hold their positions and monitor the stock's performance closely.