Emami Ltd.'s Stock Sees -3.07% Decline, Still Outperforms Sector Average

Emami Ltd., a largecap FMCG company, saw a decline of -3.07% in its stock price on October 22, 2024. This underperformance was reflected in the stock's performance today, as it fell -2.84% below the sector average. The stock has been on a downward trend for the past four days, with a total loss of -8.01% during this period.

On October 22, the stock reached an intraday low of Rs 677.7, showing a decrease of -2.98%. However, despite this recent decline, Emami Ltd.'s stock price is still higher than its 200-day moving average. It is, however, lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the Sensex, Emami Ltd.'s stock performance has been weaker, with a -3.07% decline compared to the Sensex's -0.48% decline on the same day. Over the past month, the stock has seen a -10.25% decrease, while the Sensex has only seen a -4.48% decrease.

Based on these numbers, MarketsMOJO has given a 'Hold' call for Emami Ltd.'s stock. While the stock has been on a downward trend, it is still performing better than the sector average and has potential for growth in the future. Investors are advised to hold onto their shares for now and monitor the stock's performance closely.