Eureka Forbes Stock Sees Decline of -6.41% and 'Sell' Call by MarketsMOJO

Eureka Forbes, a leading player in the consumer durables industry, has been facing a downward trend in its stock performance. On February 28, 2024, the company's stock saw a decline of -6.41%, according to data from MarketsMOJO. The stock has been given a 'Sell' call by MarketsMOJO, indicating a negative outlook for investors.

In terms of price performance, Eureka Forbes has underperformed the sector by -5.2% on the same day. The stock has also been on a consecutive fall for the last 5 days, with a significant decline of -15.57% during this period. On February 28, the stock touched an intraday low of Rs 430.55, showing a decrease of -6.43%.

Eureka Forbes is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend in its stock price. This could be a cause for concern for investors.

In comparison to the overall market performance, Eureka Forbes has seen a decline of -6.52% in just one day, while the Sensex has only seen a decline of -0.91%. In the past month, the stock has seen a decline of -9.57%, while the Sensex has seen a positive growth of 2.45%.

It is important for investors to keep a close eye on the performance of Eureka Forbes and make informed decisions based on the company's financials and market trends. As of now, the stock is not showing promising signs and investors may want to exercise caution before making any investment decisions.