Granules India's Stock Sees -5.03% Decline, Still Outperforms Sector and Shows Positive Growth

Granules India, a midcap pharmaceutical company, saw a decline of -5.03% in its stock price on October 22, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock has been on a downward trend for the past two days, with a fall of -6.46% during this period. On the day of October 22, the stock touched an intraday low of Rs 558.3, a decrease of -5.28%. However, it is worth noting that the stock is still performing better than the sector, with a difference of -3.76%.

In terms of moving averages, Granules India's stock is currently higher than the 200-day moving average, but lower than the 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend for the stock.

On the same day, the stock's performance was -5.42%, while the Sensex's performance was -0.78%. Over the past month, Granules India's stock has seen a positive growth of 3.24%, while the Sensex has seen a decline of -4.76%.

Overall, Granules India's stock has seen a decline in its price, but it is still performing better than the sector and has shown positive growth over the past month. Investors may want to keep an eye on the stock's moving averages and overall market performance before making any investment decisions.