HBL Power Systems Stock Sees -5.26% Decline, Rated as 'Hold' by MarketsMOJO

Oct 23 2024 09:45 AM IST
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HBL Power Systems, a midcap company in the battery industry, has seen a -5.26% decline in its stock price on October 23, 2024. The stock is currently rated as 'Hold' and has underperformed the sector by -5.73% in the past 7 days. Despite this, the stock remains higher than the 200 day moving average. Investors should monitor its performance in the coming days.

HBL Power Systems, a midcap company in the battery industry, has seen a decline in its stock price by -5.26% on October 23, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold'. The stock has underperformed the sector by -5.73% and has been on a downward trend for the past 7 days, with a fall of -10.03% during this period.

On the day of October 23, the stock opened with a loss of -2.08% and touched an intraday low of Rs 544.95 (-5.06%). The stock's moving averages show that it is currently higher than the 200 day moving average, but lower than the 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the Sensex performance, HBL Power Systems has seen a decline of -5.55% in just one day, while the Sensex has only seen a decline of -0.22%. Over the past month, the stock has seen a decline of -11.18%, while the Sensex has seen a decline of -5.75%.

Despite the recent decline in stock price, HBL Power Systems remains a midcap company in the battery industry. Investors should keep an eye on the stock's performance in the coming days to see if it can recover from its recent losses. This information is based on facts and data, and does not include any external sources or recommendations.
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