Havells India Ltd. sees decline in stock performance, but MarketsMOJO gives 'Buy' call

Havells India Ltd., a leading player in the cable industry, has been making headlines with its recent stock performance. On September 26, 2024, the company's stock saw a decline of -3.32%, closing at Rs 2029.05. Despite this, MarketsMOJO has given a 'Buy' call for the stock, indicating a positive outlook for the company.

In terms of price, Havells India Ltd. is currently 4.69% away from its 52-week high of Rs 2104.95. However, it has underperformed the sector by -1.09% in its performance for the day. The stock has also been on a consecutive fall for the last 3 days, with a decline of -3.4% during this period. It touched an intraday low of Rs 2008, showing a -2.95% decrease.

While the stock is currently higher than its 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than its 5-day moving average. This indicates a mixed trend for the stock in the short term.

In comparison to the Sensex, Havells India Ltd. has underperformed with a -3.32% decline in its 1-day performance, while the Sensex saw a positive growth of 0.33%. However, in the last 1 month, the stock has outperformed the Sensex with a growth of 4.84% compared to the Sensex's 4.59% growth.

Overall, Havells India Ltd. has been a strong player in the cable industry, with a largecap size. While its recent stock performance may have seen a decline, the company's fundamentals and positive outlook from MarketsMOJO suggest a promising future for the company. Investors may want to keep an eye on this stock for potential growth opportunities.