Gravita India's Stock Sees -5.57% Decline, MarketsMOJO Gives 'Hold' Call

Gravita India, a midcap company in the non-ferrous metal industry, has seen a decline of -5.57% in its stock price on October 22, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

In terms of price performance, Gravita India has underperformed the sector by -6.46% on the day. The stock has also been on a downward trend for the past two days, with a fall of -9.8% during this period. On October 22, the stock touched an intraday low of Rs 2258, a decline of -5.69%.

While Gravita India's stock price is currently higher than its 100-day and 200-day moving averages, it is lower than its 5-day, 20-day, and 50-day moving averages. This indicates a mixed trend in the company's stock performance.

In comparison to the Sensex, Gravita India's stock has performed poorly in the short term. On a one-day basis, the stock has seen a decline of -4.94%, while the Sensex has shown a positive performance of 0.32%. In the past month, Gravita India's stock has also underperformed the Sensex, with a decline of -8.16% compared to the Sensex's -3.71% performance.

Overall, Gravita India's stock performance has been lackluster in the recent past. Investors are advised to hold their positions and monitor the company's performance closely.