Cholamandalam Financial Holdings' Stock Sees Decline, MarketsMOJO Calls for 'Hold'

Cholamandalam Financial Holdings, a leading finance and non-banking financial company (NBFC) in India, has recently seen a decline in its stock price. On October 28, 2024, the company's stock lost -4.37%, underperforming the sector by -5.3%. This has led to a 'Hold' call on the stock by MarketsMOJO.

The stock has been on a downward trend for the past 5 days, with a consecutive fall of -14.6% in returns during this period. On the same day, the stock touched an intraday low of Rs 1702.3, a decrease of -4.37%. However, the stock's moving averages are still higher than the 100-day and 200-day moving averages, but lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the Sensex performance, Cholamandalam Financial Holdings' 1-day performance is -3.87%, while the Sensex has seen a positive growth of 1.16%. Similarly, the company's 1-month performance is -15.34%, while the Sensex has seen a decline of -6.13%.

Cholamandalam Financial Holdings has been a major player in the finance and NBFC industry, with a large market capitalization. While the recent decline in stock price may be a cause for concern for investors, it is important to note that this is a fact-based update and does not include any external data or sources. As always, it is advisable to do thorough research and consult with a financial advisor before making any investment decisions.