Avenue Supermarts' Stock Sees Decline Amidst Overall Sector Downturn

Avenue Supermarts, a leading retail company in the largecap industry, has recently faced a decline in its stock performance. On November 21, 2024, the company's stock saw a decrease of -3.05%, resulting in a 'Sell' call by MarketsMOJO.

The stock's price summary shows that it hit a new 52-week low of Rs.3632.15 on the same day. While its performance today is in line with the sector, the stock has been on a downward trend for the past three days, with a -4.8% decrease in returns during this period. The stock also touched an intraday low of Rs.3632.15, representing a -3.21% decrease.

In terms of moving averages, Avenue Supermarts is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's performance.

The retailing sector as a whole has also seen a decline of -2.87%, further impacting Avenue Supermarts' stock performance.

Comparing the stock's performance to the overall market, Avenue Supermarts has seen a -3.24% decrease in the past day, while the Sensex has only seen a -0.60% decrease. In the past month, the company's stock has seen a -8.61% decrease, while the Sensex has seen a -4.97% decrease.

While the reasons for this decline in Avenue Supermarts' stock performance are not mentioned, investors should keep an eye on the company's future performance to make informed decisions.