Dalmia Bharat's Stock Price Declines by -3.07% on February 12, 2024
On February 12, 2024, Dalmia Bharat, a major player in the cement industry, experienced a -3.07% decline in its stock price. The stock opened with a gain of 2% but closed lower than the previous day's closing price. It is currently trading below its moving averages, indicating a bearish trend. MarketsMojo has given a 'Hold' call for the stock.
Dalmia Bharat, a leading player in the cement industry, saw a decline of -3.07% in its stock price on February 12, 2024. The stock opened with a gain of 2% but closed lower than the previous day's closing price, underperforming the sector by -1.64%.
The day's high for Dalmia Bharat was Rs 2168.45, while the low was Rs 2059.6, indicating a volatile trading session. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short and long term.
According to MarketsMOJO, a leading stock analysis platform, the stock's performance today was -2.82%, compared to the Sensex's performance of -0.62%. In the past month, Dalmia Bharat's stock has seen a decline of -10.35%, while the Sensex has seen a decline of -1.95%.
Despite the recent decline in stock price, MarketsMOJO has given a 'Hold' call for Dalmia Bharat, indicating a neutral stance on the stock. As a largecap company in the cement industry, Dalmia Bharat has a strong presence and a stable financial position. Investors may want to keep an eye on the company's performance in the coming days.
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