HCC Stock Continues to Decline, Receives 'Strong Sell' Rating from MarketsMOJO

Hindustan Construction Company (HCC) has been facing a downward trend in the stock market recently. On August 6th, 2024, the company's stock lost -5.29%, underperforming the sector by -8.09%. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock has been on a consecutive fall for the last 4 days, with a total decline of -16.41% during this period. Today, the stock opened with a loss of -2.59% and touched an intraday low of Rs 46.42 (-5.23%). This is a significant decrease compared to the previous day's closing price.

Despite the recent decline, HCC's moving averages are still higher than the 100 day and 200 day moving averages. However, they are lower than the 5 day, 20 day, and 50 day moving averages. This indicates a mixed trend for the company's stock.

In the capital goods sector, HCC's performance has been in contrast to the overall trend. While the sector has gained by 2.92%, HCC's stock has been on a downward trend.

Comparing HCC's performance to the Sensex, the company's stock has underperformed in the last 1 day and 1 month, with returns of -5.49% and -4.02% respectively. In comparison, the Sensex has only declined by -0.33% and -1.87% in the same time periods.

Overall, HCC's stock has been facing a downward trend in the stock market, with a 'Strong Sell' call by MarketsMOJO. Investors should keep a close eye on the company's performance in the coming days.