Bengal & Assam Company's Stock Sees -5.68% Decline, Underperforms Finance Industry on September 19, 2024

Sep 19 2024 03:05 PM IST
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On September 19, 2024, Bengal & Assam Company, a midcap finance company, experienced a -5.68% decline in its stock price, in line with the overall performance of the finance/NBFC industry. According to MarketsMojo, the stock is currently rated as 'Sell' due to its potential downward trend and underperformance compared to the Sensex.

Bengal & Assam Company, a midcap finance company, saw a decline of -5.68% in its stock price on September 19, 2024. This drop was in line with the overall performance of the finance/NBFC industry, which saw a -2.1% underperformance on the same day. The stock touched an intraday low of Rs 9450, a decrease of -3.82%, before closing at Rs 9500.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Bengal & Assam Company is 'Sell'. This is based on the fact that the stock is currently trading higher than its 100-day and 200-day moving averages, but lower than its 5-day, 20-day, and 50-day moving averages. This indicates a potential downward trend in the stock's price.

In terms of short-term performance, Bengal & Assam Company underperformed the Sensex by -1.02% on the day of September 19, 2024. Over the past month, the stock has also seen a decline of -3.24%, compared to the Sensex's positive performance of 3.39%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative overview of Bengal & Assam Company's recent stock performance. As always, investors should conduct their own research and analysis before making any investment decisions.
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