Gujarat State Petronet Stock Sees Dip in Price, Underperforms Sector and Market

Gujarat State Petronet, a leading player in the gas transmission and marketing industry, saw a dip in its stock price on November 13, 2024. The stock closed at Rs. 363.75, down by -3.02% from the previous day's closing price. This underperformance was in line with the sector, which fell by -2.01%.

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Hold' call. This is based on its recent performance, where it has been losing for the last two days and has fallen by -4.92% in this period. The stock also touched an intraday low of Rs. 362, indicating a downward trend.

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 a mixed trend for the stock in the short term.

Comparing the performance of Gujarat State Petronet with the overall market, the stock has underperformed the Sensex by -0.79% in the last 1 day and by -12.33% in the last 1 month. This indicates a downward trend for the stock in the recent past.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative overview of the recent performance of Gujarat State Petronet in the stock market. Investors are advised to do their own research and consult with a financial advisor before making any investment decisions.