Bharat Heavy Electricals stock declines by -3.51% on October 17, 2024.
Bharat Heavy Electricals Ltd. has experienced a -3.51% decrease in its stock price on October 17, 2024, with a 'Sell' recommendation from MarketsMojo. The stock has been consistently falling and is currently trading below its moving averages. In comparison to the overall market, BHEL has underperformed in the last day and month. This article presents factual information and does not offer any investment advice.
Bharat Heavy Electricals ., a leading player in the electric equipment industry, has seen a decline in its stock price by -3.51% on October 17, 2024. This has been reflected in the stock call given by MarketsMOJO, which has recommended a 'Sell' for the company's stock.
The stock's performance today has been underwhelming, as it has underperformed the sector by -2.94%. This is in line with the stock's recent trend of consecutive falls, with a -4.33% decline in the last two days. The stock also touched an intraday low of Rs 259.45, showing a -3.75% decrease.
In terms of moving averages, BHEL is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's performance.
Comparing the stock's performance to the overall market, BHEL has seen a -3.99% decline in the last day, while the Sensex has only seen a -0.35% decrease. Similarly, in the last month, BHEL's performance has been -2.28% compared to the Sensex's -2.24%.
While the company's stock may have seen a decline, it is important to note that this article is purely based on factual information and does not include any external data or sources. It is always advisable to do your own research and consult with a financial advisor before making any investment decisions.
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