BHEL's Stock Performance Continues to Decline, Rated as 'Strong Sell' by MarketsMOJO

Bharat Heavy Electricals Ltd. (BHEL) has been facing a downward trend in its stock performance, with a loss of -3.18% on October 23, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated it as a 'Strong Sell'. The stock has underperformed the sector by -0.94% and has been on a consecutive fall for the last 6 days, with a significant decline of -16.1% in this period. On October 23, the stock touched an intraday low of Rs 225.1, showing a decline of -3.35%. BHEL is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend. In comparison to the overall market performance, BHEL has shown a negative 1 day performance of -2.90% while the Sensex has shown a positive performance of 0.23%. In the last 1 month, BHEL has shown a decline of -17.51% while the Sensex has also shown a decline of -5.33%. BHEL, a largecap company in the electric equipment industry, has been facing a challenging market environment. Investors are advised to closely monitor the stock's performance and make informed decisions.