Devyani International Stock Declines by -3.63% with 'Hold' Call from MarketsMOJO

Devyani International, a leading player in the lifestyle industry, saw a decline of -3.63% in its stock on October 17, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on its performance. In terms of price summary, the stock underperformed the sector by -1.23% on the day. It also saw a trend reversal as it fell after two consecutive days of gains. The stock touched an intraday low of Rs 175.95, representing a decline of -3.3%. While the stock's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages. This suggests a mixed trend in the stock's performance. In the lifestyle sector, Devyani International's stock has fallen by -2.04%. In comparison, the Sensex, a benchmark index for the Indian stock market, saw a decline of -0.61%. Looking at the longer-term performance, Devyani International's stock has declined by -7.37% in the past month, while the Sensex has seen a decline of -2.50%. This indicates that the stock has underperformed the market in the past month. Overall, Devyani International's stock has seen a decline in its performance, with a 'Hold' call from MarketsMOJO. Investors should keep an eye on the stock's moving averages and sector performance for a better understanding of its future performance.