HFCL's Stock Price Declines by -5.28% on October 22, 2024, MarketsMOJO Calls for 'Hold'

HFCL, a midcap company in the telecommunication equipment industry, has seen a decline in its stock price by -5.28% on October 22, 2024. This has led to a 'Hold' call by MarketsMOJO for investors.

The stock has underperformed the sector by -4.29% today and has been on a consecutive fall for the last 4 days, with a total decline of -14.15% during this period. It opened with a loss of -2.36% today and touched an intraday low of Rs 118 (-5.56%). The moving averages show that the stock 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, HFCL's 1 day performance is -4.44% while the Sensex has shown a positive growth of 0.19%. Similarly, in the last 1 month, HFCL's performance has been -26.18% while the Sensex has declined by -3.83%.

While there has been no mention of any specific reason for the decline in HFCL's stock price, investors are advised to hold their positions for now. This is a neutral and informative update for those interested in the company's stock performance.