Greaves Cotton Ltd. Stock Sees Decline, But Still Outperforms Moving Averages

Greaves Cotton Ltd., a smallcap company in the diesel engines industry, has recently seen a decline in its stock price. On February 12, 2024, the company's stock lost -7.09%, underperforming the sector by -6.49%. This has led to a 'Buy' call by MarketsMOJO.

The stock has been on a downward trend for the past two days, with a consecutive fall of -8.88% in returns. On the same day, the stock also touched an intraday low of Rs 153.65, a decrease of -7.3%. The stock has shown high volatility, with an intraday volatility of 5.11% calculated from the weighted average price.

Despite the recent decline, Greaves Cotton Ltd.'s stock is still performing well in comparison to its moving averages. It is currently higher than the 50-day, 100-day, and 200-day moving averages, but lower than the 5-day and 20-day moving averages.

In terms of overall performance, Greaves Cotton Ltd. has underperformed the Sensex by -0.59% in the past day and -1.92% in the past month. However, it is important to note that the company's stock has shown a decline of only -1.94% in the same time period, indicating a relatively stable performance.

Investors should keep an eye on Greaves Cotton Ltd.'s stock as it continues to navigate through the current market conditions. With a 'Buy' call from MarketsMOJO, the company may have potential for growth in the future. However, it is always important to conduct thorough research and make informed decisions when it comes to investing.