Cholamandalam Financial Holdings' Stock Sees -3.39% Decline, Rated 'Hold' by MarketsMOJO

Cholamandalam Financial Holdings, a leading finance and non-banking financial company (NBFC), has seen a decline in its stock price by -3.39% on October 24th, 2024. This underperformance is reflected in the stock's current price, which is lower than the sector average by -3.72%.

The stock has been on a downward trend for the past three days, with a consecutive fall of -7.69% in returns during this period. On October 24th, the stock touched an intraday low of Rs 1840, a decrease of -3.9%.

While the stock's performance may seem concerning, it is worth noting that Cholamandalam Financial Holdings' moving averages are still higher than the 100-day and 200-day moving averages. However, they are lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the Sensex, Cholamandalam Financial Holdings' 1-day performance is -2.86%, while the Sensex's performance is only -0.05%. Similarly, the stock's 1-month performance is -7.47%, while the Sensex's performance is -5.74%.

Overall, Cholamandalam Financial Holdings' stock is currently rated as 'Hold' by MarketsMOJO. While the recent decline in stock price may be a cause for concern, it is important to note that this is a short-term trend and the company's moving averages are still relatively strong. Investors are advised to keep an eye on the stock's performance in the coming days.