GRP Ltd's Stock Sees Decline of -5.96%, Underperforms Sector by -4.85%

GRP Ltd, a smallcap company in the rubber products industry, saw a decline in its stock price today. According to MarketsMOJO, the stock opened with a loss of -5.96% and underperformed the sector by -4.85%. This is in line with the overall trend of the stock, which has been on a downward trajectory in the past month.

The stock opened with a gap down of -5.96% and touched an intraday low of Rs 2990.5, which is a decrease of -6.25%. It has also been trading in a narrow range of Rs 9.75, indicating a lack of significant movement.

In terms of moving averages, the stock is currently higher than its 200 day moving average, but lower than its 5 day, 20 day, 50 day, and 100 day moving averages. This suggests that the stock has been experiencing some volatility in the short term, but is still performing well in the long term.

Compared to the performance of the Sensex, GRP Ltd has underperformed in both the 1 day and 1 month timeframes. While the Sensex saw a decrease of -0.35% in the past day, GRP Ltd saw a decline of -6.25%. Similarly, in the past month, the Sensex saw a decrease of -4.82%, while GRP Ltd saw a larger decrease of -13.32%.

Overall, MarketsMOJO has given a 'Hold' call for GRP Ltd's stock. Investors should keep an eye on the stock's performance in the coming days to see if it can bounce back from its recent decline.