Cochin Shipyard's Stock Price Declines by -3.69% on November 11, 2024, 'Hold' Call by MarketsMOJO.

Cochin Shipyard, a leading ship building company in India, has seen a decline in its stock price by -3.69% on November 11, 2024. This has resulted in a 'Hold' call by MarketsMOJO for the stock.

The stock has underperformed the sector by -0.88% and has been on a consecutive fall for the last 3 days, with a total decline of -9.87%. It opened with a gap down of -2.03% today and touched an intraday low of Rs 1380 (-4.79%). Cochin Shipyard is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In the ship building industry, Cochin Shipyard has seen a decline of -3.77%. In comparison, the Sensex has only seen a decline of -0.02%. This shows a significant underperformance by the company in the sector.

Looking at the performance of Cochin Shipyard in the past month, it has seen a decline of -16.65%, while the Sensex has only seen a decline of -2.35%. This further highlights the underperformance of the company in the market.

Investors and experts are advised to hold their positions on Cochin Shipyard, as the stock has been on a downward trend and is currently trading below its moving averages. This news article is based on factual information and does not make any recommendations or mention any future potential.