Centrum Capital's Stock Declines -7.22% in Line with MarketsMOJO Recommendation

Centrum Capital, a smallcap finance company, saw a decline of -7.22% in its stock price on August 16, 2024. This was in line with the recommendation given by MarketsMOJO, which advised investors to sell the stock. The stock underperformed the sector by -7.27% on the same day.

This was the third consecutive day of losses for Centrum Capital, with a total decline of -11.24% during this period. The stock also opened with a gap down of -3.22% today and touched an intraday low of Rs 35.2, a decrease of -7.93%.

Despite the recent decline, Centrum Capital's stock price is still higher than its 200-day moving average. However, it is currently lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the overall market performance, Centrum Capital's stock has underperformed. On the same day, the Sensex saw a positive performance of 0.80%, while Centrum Capital's stock declined by -6.77%. Over the past month, the stock has also seen a decline of -8.87%, while the Sensex has only decreased by -1.21%.

Investors should keep an eye on Centrum Capital's stock performance and consider all factors before making any investment decisions.