Can Fin Homes Ltd. Experiences -5.0% Drop in Stock Price, Still Outperforms Market Long-Term

Can Fin Homes Ltd., a midcap company in the finance-housing industry, has seen a decline of -5.0% in its stock price on October 4th, 2024. This drop has been reflected in the stock call given by MarketsMOJO, which is currently 'Hold'. The stock's performance today has underperformed the sector by -4.09%, with an intraday low of Rs 846.05 (-4.67%). This marks the third consecutive day of losses for Can Fin Homes Ltd., with a total decline of -5.99% in this period. Despite this recent decline, the stock's moving averages are still higher than the 100 day and 200 day averages. However, it is currently lower than the 5 day, 20 day, and 50 day moving averages. In comparison to the overall market performance, Can Fin Homes Ltd. has seen a -4.99% decline in the past day, while the Sensex has only seen a -0.83% decline. Over the past month, the stock has also underperformed the Sensex with a -4.46% decline compared to the market's -0.66% decline. Overall, Can Fin Homes Ltd. has seen a recent decline in its stock price, but it is still performing better than the market in the long term. Investors may want to keep an eye on the stock's moving averages and sector performance before making any decisions.