Emami Ltd. Stock Declines by -3.12% on October 24, Still Outperforms Sector

Emami Ltd., a largecap FMCG company, has seen a decline in its stock price by -3.12% on October 24, 2024. This underperformance is reflected in the stock's current price, which is lower than its 5-day, 20-day, 50-day, and 100-day moving averages. However, it is still higher than its 200-day moving average.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Emami Ltd. is 'Hold'. This suggests that investors should hold onto their current positions in the company's stock.

On the day of the decline, Emami Ltd.'s stock touched an intraday low of Rs 654.05, which is a decrease of -2.82%. This is also lower than the performance of the overall sector, as the stock underperformed the sector by -1.04%.

In comparison to the Sensex, Emami Ltd.'s stock performance has been weaker, with a decline of -3.12% compared to the Sensex's -0.31% on the same day. Over the past month, the stock has seen a decline of -14.47%, while the Sensex has seen a decline of -5.98%.

Overall, Emami Ltd. has seen a decline in its stock price, but it is still performing better than the overall sector. Investors are advised to hold onto their current positions in the company's stock, as per MarketsMOJO's recommendation.