Bhansali Engineering Polymers Ltd faces decline in stock price, underperforms sector

Bhansali Engineering Polymers Ltd (BEPL) has recently faced a decline in its stock price, with a loss of -7.43% on October 22, 2024. This has been reflected in the stock call given by MarketsMOJO, which is currently 'Hold'. The stock has underperformed the sector by -6.85% and has been on a consecutive fall for the last 2 days, with a decline of -9.7% in this period.

On the day of October 22, 2024, the stock opened with a loss of -4.06% and touched an intraday low of Rs 138.75 (-7.56%). The stock's moving averages are currently higher than the 200 day moving average, but lower than the 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the Sensex performance, Bhansali Engineering Polymers Ltd has shown a decline of -6.73% in just one day, while the Sensex has only seen a slight increase of 0.19%. Over the course of one month, the stock has shown a decline of -9.09%, while the Sensex has also seen a decline of -3.83%.

Despite these recent declines, it is important to note that Bhansali Engineering Polymers Ltd is a smallcap company in the chemicals industry. As such, it is subject to market fluctuations and investors should carefully consider their investment decisions. This information is provided for informational purposes only and should not be considered as a recommendation to buy or sell the stock.