GACL Stock Sees -5.09% Decline, MarketsMOJO Gives 'Hold' Call

Gujarat Alkalies & Chemicals Ltd (GACL), a midcap company in the chemical industry, saw a decline of -5.09% in its stock price on November 8th, 2024. This underperformance was noted by MarketsMOJO, who has given a 'Hold' call for the stock.

The stock has been on a downward trend for the past two days, with a fall of -7.68% during this period. On the same day, the stock touched an intraday low of Rs 807.3, a decrease of -5.01%. However, GACL's moving averages are still higher than its 100-day and 200-day moving averages, but lower than its 5-day, 20-day, and 50-day moving averages.

In the chemical sector, GACL's performance has fallen by -2.01%. On the other hand, the Sensex has only seen a decline of -0.07%. In the past month, GACL's performance has been relatively stable with a decrease of only -0.06%, while the Sensex has seen a decline of -2.63%.

Despite the recent decline in stock price, GACL remains a midcap company in the chemical industry with potential for growth. However, it is important for investors to carefully monitor the stock's performance and make informed decisions. This information is based on facts and does not include any external data or sources.