Garden Reach Shipbuilders & Engineers Ltd sees -5.08% decline in stock price, rated 'Hold' by MarketsMOJO

Garden Reach Shipbuilders & Engineers Ltd, a midcap company in the ship building industry, has seen a decline in its stock price by -5.08% on October 25, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has underperformed the sector by -0.51% today and has been on a consecutive fall for the last 2 days, with a total decline of -5.71% during this period. The stock also touched an intraday low of Rs 1509.3 (-4.88%). However, it is worth noting that the stock is currently trading higher than its 200 day moving average, but lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

In terms of sector performance, the ship building industry has also seen a decline of -4.55%. This could be attributed to the overall market sentiment and economic conditions.

Comparing the performance of Garden Reach Shipbuilders & Engineers Ltd with the Sensex, the stock has underperformed with a -5.27% decline, while the Sensex has only seen a -0.61% decline. Similarly, in the last 1 month, the stock has seen a decline of -12.59%, while the Sensex has only seen a -6.57% decline.

Overall, Garden Reach Shipbuilders & Engineers Ltd has seen a decline in its stock price, which could be attributed to various factors such as market conditions and sector performance. Investors are advised to hold their positions and monitor the stock closely for any potential changes in the future.