Godrej Properties' Stock Sees Decline, Underperforms Sector and Market

Godrej Properties, a leading real estate company in India, has recently seen a decline in its stock price. On November 8th, 2024, the company's stock lost -3.15%, underperforming the sector by -1.4%. This has led to a 'Sell' call by MarketsMOJO.

The stock has been on a downward trend for the past two days, with a consecutive fall of -5.51% in this period. On the same day, the stock touched an intraday low of Rs 2721, a decrease of -3.06%. This is also reflected in the moving averages, with Godrej Properties trading lower than the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the overall market performance, Godrej Properties has underperformed. On the day of the decline, the stock's performance was -3.10% while the Sensex's performance was only -0.13%. In the past month, the stock has seen a decrease of -7.92%, while the Sensex has only seen a decrease of -2.69%.

While the reasons for this decline are not mentioned, investors should keep an eye on the company's performance in the coming days. With a largecap size in the construction and real estate industry, Godrej Properties is a key player in the Indian market.