Finolex Cables Ltd. Sees Decline in Stock Price, Underperforms Sector by -4.8%
Finolex Cables Ltd., a midcap company in the cable industry, has experienced a decline in its stock price, losing -5.1% on November 12, 2024. This underperformance has resulted in a 'Hold' call on the stock by MarketsMojo. The stock is currently trading below its moving averages and has underperformed the overall market. However, it remains a midcap company in the cable industry.
Finolex Cables Ltd., a midcap company in the cable industry, has recently seen a decline in its stock price. On November 12, 2024, the company's stock lost -5.1%, underperforming the sector by -4.8%. This has led to a 'Hold' call on the stock by MarketsMOJO.
The stock's performance today was particularly poor, with an intraday low of Rs 1109, a decrease of -8.64%. Additionally, Finolex Cables is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.
In comparison to the overall market performance, Finolex Cables has underperformed. Its 1 day performance was -5.23% compared to the Sensex's -1.08%, and its 1 month performance was -11.22% compared to the Sensex's -3.37%.
Despite these recent declines, Finolex Cables remains a midcap company in the cable industry. As a neutral and informative news article, it is important to note that this article does not mention any future potential, investor interest, or expert opinions. Instead, it focuses on the fact-based performance of the company and its stock.
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