Bajaj Steel Industries' Stock Sees -7.01% Decline, MarketsMOJO Gives 'Hold' Call

Bajaj Steel Industries, a smallcap company in the textile machinery industry, saw a decline of -7.01% in its stock price on November 18, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock. The stock opened with a loss of -4.85% today and touched an intraday low of Rs 790.85 (-7.19%). It has been on a downward trend for the last 3 days, with a fall of -13.98% in this period. However, the stock's moving averages are still higher than its 50 day, 100 day, and 200 day moving averages, but lower than its 5 day and 20 day moving averages. In comparison to the Sensex, Bajaj Steel Industries' 1 day performance was -7.29%, while the Sensex only saw a decline of -0.32%. Similarly, in the last 1 month, the stock's performance was -4.24%, while the Sensex saw a decline of -4.79%. It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or discuss potential future developments. Investors are advised to do their own research and make informed decisions.