Emami Ltd. Stock Sees -3.6% Decline, MarketsMOJO Gives 'Hold' Call

Emami Ltd., a largecap FMCG company, saw a decline of -3.6% in its stock price on August 2nd, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock's performance today was -3.19% lower than the sector average. This is a reversal from the previous two days where the stock had seen consecutive gains. The day's low for the stock was Rs 795, a decrease of -3.46%.

Despite the recent decline, Emami Ltd.'s stock is still performing well in the long term. It is currently trading higher than its 20 day, 50 day, 100 day, and 200 day moving averages. However, it is lower than its 5 day moving average.

In comparison to the overall market, Emami Ltd.'s stock has seen a decline of -3.60% while the Sensex has only seen a decline of -0.88% on the same day. However, in the past month, the stock has outperformed the Sensex with a 9.73% increase compared to the Sensex's 2.15% increase.

Overall, Emami Ltd. has seen a decline in its stock price but is still performing well in the long term. MarketsMOJO has given a 'Hold' call for the stock, indicating that investors should hold onto their current positions.