Elgi Equipments Stock Sees -5.37% Decline, Continues Downward Trend

Elgi Equipments, a leading manufacturer of compressors and pumps, saw a decline of -5.37% in its stock price on November 13, 2024. The stock has been on a downward trend for the past 5 days, with a consecutive fall of -10.42% during this period. This underperformance is reflected in the stock's performance today, as it has underperformed the sector by -3.54%.

The stock's intraday low was Rs 583.6, a decrease of -5.11% from the previous day's close. Elgi Equipments 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 overall market performance, Elgi Equipments has seen a decline of -5.57% in the past day, while the Sensex has only fallen by -0.64%. Over the past month, the stock has seen a decline of -12.89%, while the Sensex has only fallen by -3.94%.

Despite the recent decline in stock price, MarketsMOJO has given a 'Hold' call for Elgi Equipments. This neutral stance is based on the fact that the company has been facing a downward trend in its stock price, and there is no significant news or developments that could potentially impact its future performance. Investors are advised to monitor the stock closely and make informed decisions based on their own research and risk appetite.