Cera Sanitaryware's Stock Sees -5.48% Decline, Underperforms in Ceramics Industry

Cera Sanitaryware, a midcap company in the ceramics and allied industry, saw a decline of -5.48% in its stock price on February 12, 2024. This underperformance was reflected in the stock's performance today, as it fell by -0.33% compared to the sector. The stock has been on a downward trend for the past two days, with a total decline of -5.41% during this period.

On the same day, Cera Sanitaryware's stock touched an intraday low of Rs 7800, representing a -2.87% decrease from its previous closing price. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In the ceramics and allied sector, Cera Sanitaryware's performance has also been negative, with a decline of -2.78%. However, it is important to note that this decline is not unique to the company, as the entire sector has seen a decrease in performance.

In comparison to the overall market, Cera Sanitaryware's stock has underperformed, with a -5.48% decline compared to the Sensex's -0.72% performance on the same day. This trend has also been reflected in the stock's 1-month performance, with a decline of -5.23% compared to the Sensex's -2.05% performance.

Overall, Cera Sanitaryware's stock has seen a decline in its performance, both in the short term and in comparison to the overall market and sector. Investors may want to hold onto their stocks for now, as recommended by MarketsMOJO.