Bharat Heavy Electricals . Stock Declines by -3.39% Amidst Bearish Market Sentiment

Bharat Heavy Electricals ., a leading player in the electric equipment industry, has seen a decline in its stock price on November 13, 2024. The stock has lost -3.39% and is currently trading at Rs. 223. This decline has been reflected in the stock call given by MarketsMOJO, which is 'Sell'.

In terms of performance, Bharat Heavy Electricals . has underperformed the sector by -0.54% today. The stock has also been on a consecutive fall for the last 2 days, with a total decline of -7.04% during this period. The stock touched an intraday low of Rs. 222, which is a decrease of -3.54%.

The moving averages for BHEL are also showing a downward trend, with the stock trading lower than the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a bearish sentiment in the market for the company's stock.

In the electric equipment sector, there has been a decline of -2.74%, further highlighting the negative sentiment in the industry.

Comparing the performance of Bharat Heavy Electricals . with the overall market, the stock has underperformed the Sensex by -3.32% in the last 1 day and -17.53% in the last 1 month. In comparison, the Sensex has shown a decline of -1.08% and -4.37% in the same time periods, respectively.

Overall, the stock of Bharat Heavy Electricals . has shown a downward trend in its performance and is currently recommended as a 'Sell' by MarketsMOJO. Investors should keep a close eye on the company's performance in the coming days.