Engineers India Ltd. Stock Sees 5.4% Growth, Rated 'Hold' by MarketsMOJO

Engineering company Engineers India . has seen a positive growth in its stock price, gaining 5.4% on March 14, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has outperformed the sector by 3.85% and has shown a trend reversal after three consecutive days of fall. On the day of the price increase, the stock reached an intraday high of Rs 197.8, showing a significant increase of 5.75%.

While the stock's performance has been positive, it is worth noting that it is currently trading higher than its 100-day and 200-day moving averages, but lower than its 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Engineers India Ltd. has shown a strong 1-day performance of 5.40%, while the Sensex has only seen a 0.25% increase. However, over the past month, the stock has seen a decline of -8.39%, while the Sensex has shown a positive growth of 1.56%.

Overall, Engineers India Ltd. has shown a positive trend in its stock price, but it is important to note that this is not a recommendation for investors. The information provided is based on facts and should not be considered as expert advice or a prediction of future potential. As a midcap engineering company, Engineers India Ltd. continues to make strides in the industry and its stock performance reflects its growth.