Asahi India Glass Stock Declines by 5.03% on October 7th, Outperforms Sensex in Long Term

Asahi India Glass, a midcap company in the glass industry, saw a decline of -5.03% in its stock on October 7th, 2024. The stock call for the company by MarketsMOJO is 'Hold'.

In terms of performance, Asahi India Glass underperformed the sector by -0.64% on the same day. The stock also touched an intraday low of Rs 729.95, which is a decrease of -5.07%. However, the company's moving averages are higher than the 50 day, 100 day, and 200 day moving averages, but lower than the 5 day and 20 day moving averages.

The glass sector as a whole has seen a decline of -4.21%, indicating a downward trend in the industry.

Comparing the performance of Asahi India Glass to the Sensex, the company's stock saw a decrease of -5.18% while the Sensex only saw a decrease of -0.86% on the same day. Over the course of one month, Asahi India Glass has seen a positive performance of 5.99%, while the Sensex has seen a decrease of -0.24%.

Overall, Asahi India Glass has seen a decline in its stock performance, but it is still outperforming the Sensex in the long term. Investors should keep an eye on the company's performance in the coming days.