GMM Pfaudler's Stock Sees Decline in Line with Engineering Sector Performance

GMM Pfaudler, a midcap engineering company, saw a decline in its stock price on May 23, 2024. The stock closed at Rs. 1,334.85, down by -5.16% from the previous day's closing price. This decline was in line with the overall performance of the engineering sector, which saw a decrease of -6.24%.

The stock's trend also reversed after two consecutive days of gains, with an open gap down of -2.32%. It touched an intraday low of Rs. 1,332.85, a decrease of -5.02%. GMM Pfaudler's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

In comparison to the Sensex, GMM Pfaudler's stock performance was -5.16% on the day, while the Sensex saw a positive performance of 0.78%. Over the past month, GMM Pfaudler's stock has seen a decline of -6.61%, while the Sensex has seen a positive performance of 1.44%.

While there has been no official statement from the company, the stock call by MarketsMOJO is 'Sell'. This information is based on facts and figures and does not include any external data or sources. Investors are advised to do their own research and make informed decisions before investing in GMM Pfaudler.