Coromandel International's Stock Sees -3.72% Decline, Outperforms Sector by 2.5%

Coromandel International, a leading player in the fertilizer industry, saw a decline of -3.72% in its stock price on March 13, 2024. The stock has been on a downward trend for the past two days, with a consecutive fall of -3.86% during this period. The day's low for the stock was Rs 1067.45, a decrease of -4.43% from the previous day's closing price.

Despite the recent dip in stock price, Coromandel International has outperformed the sector by 2.5% today. However, the stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

The fertilizer industry as a whole has also seen a decline, with a fall of -6.07% in the sector. However, Coromandel International's performance in the past month has been better than the overall sector, with a decrease of only -1.95% compared to the Sensex's performance of 1.83%.

Based on these factors, MarketsMOJO has given a 'Hold' call for Coromandel International's stock. Investors should keep an eye on the company's performance in the coming days to make informed decisions.