CESC Ltd's Stock Sees Decline Amidst Negative Sentiment and Underperformance in Sector

CESC Ltd, a largecap company in the power generation and distribution industry, has seen a decline in its stock price on October 3rd, 2024. The stock has been given a 'Sell' call by MarketsMOJO, indicating a negative sentiment towards the company's performance.

On the day of the decline, CESC's stock underperformed the sector by -2.71%. This is the second consecutive day of losses for the company, with a total decline of -4.64% in this period. The stock also opened with a gap down of -2.91% today and reached an intraday low of Rs 192.05, a decrease of -4.41%.

Despite these recent losses, CESC's moving averages are still higher than the 50 day, 100 day, and 200 day moving averages. However, the stock is currently lower than the 5 day and 20 day moving averages.

In comparison to the overall market performance, CESC's stock has underperformed the Sensex by -2.09% in the past day and -0.06% in the past month. This indicates a downward trend for the company's stock.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative overview of CESC's recent stock performance. Investors are advised to conduct their own research and analysis before making any investment decisions.