Cochin Shipyard Stock Declines by -3.89% on November 13, Rated as 'Hold' by MarketsMOJO

Cochin Shipyard, a leading ship building company in India, has seen a decline in its stock price by -3.89% on November 13, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated it as 'Hold'. The stock has underperformed the sector by -2.29% and has been on a downward trend for the last 5 days, with a fall of -13.72% in this period.

On the day of November 13, the stock touched an intraday low of Rs 1320, showing a decline of -3.96%. Cochin Shipyard is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend in the stock.

The ship building industry as a whole has also seen a decline of -2.25%, further adding to the negative sentiment surrounding Cochin Shipyard's stock. In comparison, the Sensex has only seen a decline of -0.27% on the same day.

Looking at the performance over the past month, Cochin Shipyard has seen a decline of -20.19%, while the Sensex has only seen a decline of -3.59%. This shows that the stock has been underperforming in the market.

Investors should take note of the current trend in Cochin Shipyard's stock and make informed decisions based on their own research and risk appetite. This is not a recommendation to buy or sell the stock, but rather a factual update on its recent performance.