Grindwell Norton's Stock Sees Decline Amid Negative Sentiment in Abrasives Industry.

Oct 28 2024 10:15 AM IST
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Grindwell Norton, a leading player in the abrasives industry, saw a -3.12% decline in its stock price on 2024-10-28, leading to a 'Sell' call by MarketsMojo. The stock opened with a gain of 2.57% but underperformed the sector by -0.91%. It is currently trading below its moving averages, indicating a downward trend. The abrasives sector as a whole also saw a decline of -2.13%.

Grindwell Norton ., a leading player in the abrasives industry, has seen a decline in its stock price by -3.12% on 2024-10-28. This has led to a 'Sell' call by MarketsMOJO, indicating a negative sentiment towards the company's stock.

The stock opened with a gain of 2.57% today, but underperformed the sector by -0.91%. It touched an intraday high of Rs 2246.35 (2.57%) and a low of Rs 2114.1 (-3.47%). Grindwell Norton is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend in its stock price.

The abrasives sector as a whole has also seen a decline of -2.13%, further adding to the negative sentiment towards Grindwell Norton. In comparison, the Sensex has performed better with a 0.59% increase in its stock price.

Over the past month, Grindwell Norton's stock has seen a decline of -11.80%, while the Sensex has also seen a negative performance of -6.66%. This indicates that the company's stock has underperformed the market in the short term.

Investors should keep an eye on Grindwell Norton's stock performance and the overall performance of the abrasives sector in the coming days.
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