Cyient DLM Stock Declines by -5.38% on October 22, MarketsMOJO Gives 'Hold' Call

Cyient DLM, a midcap company in the electronics-components industry, saw a decline of -5.38% in its stock price on October 22, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock's performance today was -4.93% lower than the sector average, indicating a downward trend. This is further supported by the fact that the stock has fallen after two consecutive days of gains. The day's low for the stock was Rs 666, a decrease of -5.78%.

Cyient DLM is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the Sensex, Cyient DLM's performance in the past day and month has been -6.55% and -4.27% respectively, while the Sensex has shown a slight increase of 0.19% and a decrease of -3.83% in the same time periods.

Investors and experts are advised to hold their positions on Cyient DLM, as the stock's performance has been below average and shows a downward trend. With no significant news or developments in the company, the stock's decline can be attributed to market conditions and sector performance.