Great Eastern Shipping Company's Stock Declines by -5.16% on November 12, 2024

Great Eastern Shipping Company, a midcap shipping company, has seen a decline in its stock price by -5.16% on November 12, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which is 'Hold'. The stock has underperformed the sector by -0.69% on the same day.

In the past three days, the stock has been on a downward trend, with a fall of -12.38% in its returns. On November 12, the stock touched an intraday low of Rs 1111.25, which is a decrease of -5.75%. Currently, GE Shipping Co is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

The shipping sector as a whole has also seen a decline of -3.53%. In comparison, the Sensex has performed better with a decline of only -1.03% on the same day.

Looking at the performance of Great Eastern Shipping Company in the past month, the stock has seen a decline of -12.15%, while the Sensex has seen a decline of -3.33%. This shows that the stock has underperformed the market in the short term.

Despite the recent decline in stock price, it is important to note that this article is not making any recommendations or predictions about the future potential of Great Eastern Shipping Company. It is simply stating the facts and figures based on the current performance of the company and the sector. Investors are advised to do their own research and make informed decisions.