Bodal Chemicals' Stock Sees Decline in Performance, Underperforms Sector

Bodal Chemicals, a smallcap company in the dyes and pigments industry, has recently seen a decline in its stock price. On March 12, 2024, the company's stock lost -7.14%, underperforming the sector by -4.48%. This marks the second consecutive day of losses for Bodal Chemicals, with a total decline of -13.44% in this period.

The stock's intraday low was Rs 83.25, a decrease of -6.81% from the previous day. While the stock's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages.

In the dyes and pigments sector, Bodal Chemicals' performance has fallen by -2.28%. This decline is in line with the overall trend in the sector.

Compared to the Sensex, Bodal Chemicals' performance in the past day and month has been -7.03% and 9.12%, respectively. In comparison, the Sensex has seen a performance of 0.22% in the past day and 3.65% in the past month.

While the stock call for Bodal Chemicals by MarketsMOJO is 'Sell', it is important to note that this is not a recommendation from experts or investors. This information is based on facts and figures and should not be considered as a prediction of the company's future potential. As a smallcap company in the dyes and pigments industry, Bodal Chemicals' performance may be subject to market fluctuations and investors are advised to do their own research before making any investment decisions.