Gravita India's Stock Price Declines by -5.02% Amidst Market Volatility

Gravita India, a midcap company in the non-ferrous metal industry, saw a decline of -5.02% in its stock price on November 13, 2024. This underperformance was reflected in the stock's 'Hold' call by MarketsMOJO.

The stock opened with a loss of -2.46% and touched an intraday low of Rs 2098.6 (-4.22%). It has been on a downward trend for the last two days, with a fall of -6.77% during this period. However, the stock's moving averages are still higher than its 100-day and 200-day averages, but lower than its 5-day, 20-day, and 50-day averages.

In comparison to the Sensex's performance of -0.27%, Gravita India's 1-day performance was -5.32%. Similarly, its 1-month performance of -15.84% was lower than the Sensex's -3.59%.

Gravita India is a leading player in the non-ferrous metal industry, with a focus on lead and lead alloys. The company has a strong presence in both domestic and international markets, with a wide range of products and services. Despite the recent decline in its stock price, Gravita India remains a promising player in the industry, with potential for growth and expansion in the future.