GE Power India's Stock Sees Decline After Consecutive Gains, Market Analysis Suggests 'Sell' Call

GE Power India, a smallcap company in the capital goods industry, has seen a decline of -7.32% in its stock price on July 12, 2024. This drop comes after a period of consecutive gains for the company, as it has been trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for GE Power India is 'Sell'. The stock is also part of the Hidden Turnaround list on MarketsMOJO since May 22, 2024.

On July 12, GE Power India's stock hit a new 52 week high of Rs.646.55, but underperformed the sector by -7.03%. The stock also saw a trend reversal, falling after 7 days of consecutive gains. It touched an intraday low of Rs.571.95, a decrease of -10%.

In comparison to the overall market performance, GE Power India's stock has underperformed, with a -7.95% decrease on July 12, while the Sensex saw a 0.16% increase. However, over the past month, the stock has shown a strong performance with a 65.31% increase, outperforming the Sensex's 4.47% growth.

Investors should keep an eye on GE Power India's stock performance in the coming days, as it may continue to see fluctuations in its price. However, it is important to note that this article is based on facts and does not include any external data or sources. It is always recommended to do thorough research and consult with a financial advisor before making any investment decisions.