Great Eastern Shipping Company's Stock Sees Decline Despite Long-Term Performance
Great Eastern Shipping Company, a midcap shipping company, experienced a -6.48% decline in its stock performance on November 8th, 2024. Despite this, the company has been performing well in the long term and is currently part of the Hidden Turnaround on MarketsMojo. It has underperformed the overall market in the past month, but MarketsMojo has given a 'Hold' call for its stock.
Great Eastern Shipping Company, a midcap shipping company, has seen a decline in its stock performance on November 8th, 2024. The stock has lost -6.48% on this day, underperforming the sector by -4.17%. The stock opened with a gap down of -4.34% and touched an intraday low of Rs 1200 (-7.05%). It has also been highly volatile with an intraday volatility of 31.65%.
Despite this recent decline, Great Eastern Shipping Company has been performing well in the long term. It is currently part of the Hidden Turnaround on MarketsMOJO since May 10th, 2024. The stock's moving averages are higher than the 200 day moving average, but lower than the 5 day, 20 day, 50 day, and 100 day moving averages.
In comparison to the overall market, Great Eastern Shipping Company has underperformed in the past month with a decline of -5.12%, while the Sensex has seen a decline of -2.75%. However, in the past day, the stock has seen a larger decline of -6.66% compared to the Sensex's decline of -0.19%.
Despite this recent decline, MarketsMOJO has given a 'Hold' call for Great Eastern Shipping Company's stock. The company operates in the shipping industry, which has seen a decline of -3.58% in the past day. With a neutral and informative tone, it is important to note that this article is based on factual information and does not include any external data or sources.
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