Electrotherm (India) Ltd's Stock Sees -7.25% Decline, Underperforms Sector by -6.95%

Electrotherm (India) Ltd, a smallcap company in the engineering industry, saw a decline of -7.25% in its stock price on November 13, 2024. The stock was given a 'Sell' call by MarketsMOJO, indicating a negative outlook for the company. The stock's performance today was underwhelming, as it underperformed the sector by -6.95%. This is a reversal from the previous two days where the stock had seen consecutive gains. The stock also touched an intraday low of Rs 1087.2, a decrease of -10%. The stock has been highly volatile today, with an intraday volatility of 5.96%. This is calculated from the weighted average price. However, Electrotherm (India) Ltd is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In the engineering - industrial equipments sector, there has been a decline of -2%. This could be a contributing factor to the decline in Electrotherm (India) Ltd's stock price. In comparison to the Sensex, Electrotherm (India) Ltd's performance in the past day and month has been -7.28% and 16.01% respectively. This is in contrast to the Sensex's performance of -0.67% and -3.98% in the same time periods. Investors should keep an eye on Electrotherm (India) Ltd's stock performance in the coming days to see if it can bounce back from this decline.