Gujarat Gas Ltd. Stock Declines by -3.01% and Rated as 'Hold' by MarketsMOJO

Gujarat Gas Ltd., a largecap company in the gas transmission/marketing industry, has seen a decline in its stock price by -3.01% on October 21, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'. The stock has underperformed the sector by -1.2% and has been on a consecutive fall for the last 7 days, with a total decline of -9.21% during this period. On October 21, the stock touched an intraday low of Rs 546.3, showing a decrease of -2.97%. In terms of moving averages, Gujarat Gas is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance. On the same day, the stock's performance was -2.85% compared to the Sensex's performance of -0.11%. Over the past month, Gujarat Gas has seen a decline of -10.91% while the Sensex has declined by -4.03%. Overall, Gujarat Gas Ltd. has seen a decline in its stock price and is currently rated as 'Hold' by MarketsMOJO. Investors should keep an eye on the stock's performance and consider all factors before making any investment decisions.