Godrej Consumer Products' Stock Sees -3.03% Decline, Rated 'Sell' by MarketsMOJO

Godrej Consumer Products, a leading FMCG company in India, has seen a decline in its stock price by -3.03% on November 12, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Sell'.

The stock has underperformed the sector by -1.62% and has been on a downward trend for the past four days, with a fall of -6.67% during this period. On the day of November 12, the stock touched an intraday low of Rs 1190, showing a decline of -2.54%.

In terms of moving averages, Godrej Consumer is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a negative sentiment in the market towards the stock.

In comparison to the overall performance of the Sensex, Godrej Consumer has shown a decline of -3.03% in just one day, while the Sensex has only seen a marginal increase of 0.02%. In the past month, the stock has also underperformed the Sensex with a decline of -10.24% compared to the Sensex's -2.30% performance.

While the reasons for this decline in stock price are not mentioned, investors should keep a close eye on the company's performance and any updates from the company in the coming days. This is not a recommendation to buy or sell the stock, but rather a fact-based update on the current state of Godrej Consumer Products in the market.