Exide Industries' Stock Sees -3.21% Decline, Outperforms Sector by 1.07%

Exide Industries, a leading player in the battery industry, saw a decline of -3.21% in its stock on February 12, 2024. This was in line with the overall trend in the sector, as the Batteries sector fell by -4%. However, Exide Industries outperformed the sector by 1.07% on that day.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Exide Industries' stock is 'Hold'. The stock has been on a downward trend for the past 4 days, with a consecutive fall of -5.38% in that period. On February 12, the stock touched an intraday low of Rs 328.35, which was a -3% decrease from its previous closing price.

Despite the recent decline, Exide Industries' 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, indicating a short-term downward trend.

In comparison to the overall market performance, Exide Industries' stock has underperformed in the past 1 day and 1 month, with returns of -3.49% and -3.26% respectively. In comparison, the Sensex, India's benchmark index, had a performance of -0.82% and -2.15% in the same time periods.

Overall, Exide Industries' stock has seen a recent decline but is still performing well in the long term. Investors may want to hold onto their positions for now, as recommended by MarketsMOJO.