Ganesh Housing Corporation's Stock Sees Dip, But Experts Give 'Buy' Call

Ganesh Housing Corporation, a midcap company in the construction and real estate industry, has recently seen a dip in its stock price. On October 22, 2024, the company's stock lost 5.0%, underperforming the sector by 0.25%. However, despite this recent decline, experts at MarketsMOJO have given a 'Buy' call for the stock.

Taking a closer look at the price summary, Ganesh Housing Corporation's stock has been on a downward trend for the past two days, with a fall of 9.42% in that period. The stock also touched an intraday low of Rs 933.4, a decrease of 4.82%. However, the stock's moving averages are still higher than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the long run.

In comparison to the construction and real estate sector, which has fallen by 3.48%, Ganesh Housing Corporation's performance has been relatively better. On a one-day basis, the company's stock has underperformed the Sensex by 0.92%, while on a one-month basis, it has outperformed the Sensex by 9.05%.

Despite the recent dip in stock price, Ganesh Housing Corporation remains a strong player in the construction and real estate industry. With a 'Buy' call from MarketsMOJO and positive long-term moving averages, the company is poised for growth and success in the future. Investors can consider this as an opportunity to buy the stock at a lower price and potentially reap higher returns in the long run.