Balu Forge Industries' Stock Declines by -5.41% on November 13, Rated as 'Hold' by MarketsMOJO

Balu Forge Industries, a midcap company in the miscellaneous industry, has seen a decline in its stock price by -5.41% on November 13, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold' and has been a part of the Reliable Performers list since October 31, 2023.

In terms of performance, Balu Forge Industries has underperformed the sector by -1.1% on the day. The stock has also been on a downward trend for the past four days, with a fall of -10.78% during this period. On November 13, the stock touched an intraday low of Rs 712.6, a decrease of -5.37%.

While the stock's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages. This indicates a mixed trend for the stock in the short term.

In terms of sector performance, Miscellaneous has also seen a decline of -3.67%. However, Balu Forge Industries' 1-day performance of -5.41% is higher than the Sensex's performance of -1.29%. Similarly, the stock's 1-month performance of -6.93% is better than the Sensex's performance of -4.57%.

Overall, Balu Forge Industries' stock has seen a decline in its price, but it is still performing better than the overall market. Investors may want to keep an eye on the stock's performance in the coming days to make informed decisions.