Emami Ltd. Stock Sees Dip, MarketsMOJO Calls for 'Hold' Rating
Emami Ltd., a leading FMCG company in India, has experienced a -3.01% decrease in its stock performance on October 17, 2024. This underperformance has resulted in a 'Hold' call from MarketsMojo. Despite trading higher than its 200 day moving average, the stock has seen a decrease in comparison to its 5 day, 20 day, 50 day, and 100 day moving averages.
Emami ., a leading FMCG company in India, has recently seen a dip in its stock performance. On October 17, 2024, the company's stock lost -3.01%, underperforming the sector by -2.58%. This has led to a 'Hold' call by MarketsMOJO, a leading stock market analysis platform.
The stock's price summary for the day shows that it touched an intraday low of Rs 713.25, a decrease of -3.19%. It is currently trading higher than its 200 day moving average, but lower than its 5 day, 20 day, 50 day, and 100 day moving averages.
In comparison to the overall market performance, Emami Ltd. has underperformed with a -3.01% decrease, while the Sensex has only seen a -0.61% decrease. Over the past month, the company's stock has also seen a -4.22% decrease, while the Sensex has only seen a -2.49% decrease.
Despite this recent dip in stock performance, Emami Ltd. remains a largecap company in the FMCG industry. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on the company's future performance.
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