Authum Investment & Infrastructure Ltd Remains Strong Despite Recent Stock Dip

Authum Investment & Infrastructure Ltd, a leading finance and non-banking financial company (NBFC) in the largecap industry, has recently seen a dip in its stock price. On August 29, 2024, the company's stock lost -3.41%, underperforming the sector by -2.67%. This has caused some concern among investors, but experts at MarketsMOJO still have a 'Buy' call on the stock.

In the past three days, Authum Investment & Infrastructure's stock has been on a downward trend, falling by -5.74%. However, it is important to note that the stock is still performing well in the long term, with its moving averages higher than the 20-day, 50-day, 100-day, and 200-day averages. The only exception is the 5-day moving average, which is currently lower.

Despite the recent dip in stock price, Authum Investment & Infrastructure's performance is still better than the overall market. On the day of the dip, the company's stock saw a -3.41% decrease, while the Sensex only saw a 0.26% increase. In the past month, the company's stock has also outperformed the Sensex, with a 60.04% increase compared to the market's 0.79% increase.

Authum Investment & Infrastructure Ltd continues to be a strong player in the finance and NBFC industry, with a solid track record and positive long-term performance. Investors can take advantage of the current dip in stock price and consider adding Authum Investment & Infrastructure to their portfolio.