Ashoka Buildcon's Stock Sees Decline, But MarketsMOJO Gives 'Strong Buy' Call.

Ashoka Buildcon ., a midcap company in the capital goods industry, has been in the news recently due to its stock performance. On October 25, 2024, the company's stock saw a decline of -5.7%, underperforming the sector by -2.08%. This marks the second consecutive day of losses for the stock, with a total fall of -6.58% in the period.

Despite this recent dip, MarketsMOJO has given a 'Strong Buy' call for Ashoka Buildcon's stock. The company has also been listed as part of MOJO Stocks on MarketsMOJO since October 1, 2024.

In terms of price movement, the stock touched an intraday low of Rs 216.9 (-4.58%) on October 25. It is currently trading higher than its 200 day moving average, but lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

The capital goods sector as a whole has also seen a decline of -2.59%, indicating a broader trend in the industry. However, despite this, Ashoka Buildcon's stock has outperformed the Sensex, with a 1 day performance of -5.70% compared to the Sensex's -0.78%. In the last month, the stock has seen a decline of -10.18%, while the Sensex has seen a decline of -6.73%.

Overall, Ashoka Buildcon's stock has been facing some challenges in the market, but with a 'Strong Buy' call from MarketsMOJO and its consistent presence on the MOJO Stocks list, it may be a good opportunity for investors to consider this midcap company in the capital goods industry.