Cochin Shipyard's Stock Price Declines by -3.68% on October 16, 2024, According to MarketsMOJO.

Cochin Shipyard, a leading ship building company in India, has seen a decline in its stock price by -3.68% on October 16, 2024. This has led to a 'Hold' call by MarketsMOJO, a leading stock market analysis platform.

The stock opened with a loss of -4.01% today, indicating a negative sentiment among investors. It touched an intraday low of Rs 1590, a decrease of -4.9% from its previous closing price. However, the performance of the stock today is in line with the overall performance of the Ship Building sector, which has fallen by -3.63%.

When compared to the Sensex, Cochin Shipyard's 1-day performance is -3.71%, while the Sensex has shown a marginal increase of 0.02%. Similarly, in the past month, the stock has seen a decline of -10.26%, while the Sensex has shown a decrease of -1.39%.

Despite the recent decline in stock price, Cochin Shipyard remains a largecap company in the Ship Building industry. Its moving averages are currently higher than the 200-day moving average, but lower than the 5-day, 20-day, 50-day, and 100-day moving averages.

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 tone for readers interested in the performance of Cochin Shipyard in the stock market.