Hind Rectifiers Ltd's Stock Performance Remains Volatile, MarketsMOJO Gives 'Hold' Call

Hind Rectifiers Ltd, a smallcap company in the electronics-components industry, has been in the news recently due to its stock performance. According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Hold' call. It has also been listed as a Reliable Performer on MarketsMOJO since February 29, 2024.

However, the stock opened today with a loss of -9.45%, underperforming the sector by -2.67%. This is the second consecutive day of losses for the stock, with a total fall of -7.17% in this period. The stock also opened with a gap down of -9.45% today and touched an intraday low of Rs 570.05.

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 indicates a mixed trend for the stock.

In comparison to the overall market performance, Hind Rectifiers Ltd has underperformed in the last 1 day and 1 month, with returns of -3.88% and 2.48% respectively. In comparison, the Sensex has performed slightly better with returns of -1.02% and 1.16% in the same time periods.

Overall, Hind Rectifiers Ltd's stock performance has been volatile in recent days, with a downward trend. Investors are advised to hold their positions and monitor the stock closely for any changes in the coming days.