Hindustan Copper Stock Declines by -3.21% Amidst Bearish Trend and Underperformance in Non-Ferrous Metal Industry

Hindustan Copper, a leading player in the non-ferrous metal industry, saw a decline of -3.21% in its stock price on October 22, 2024. The stock has been on a downward trend for the past two days, with a consecutive fall of -5.65% during this period. This underperformance is reflected in the stock's performance today, as it has underperformed the sector by -4.14%.

The stock's intraday low was Rs 307.3, a decrease of -2.94% from its previous close. Hindustan Copper is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock.

According to MarketsMOJO, a leading stock analysis platform, the stock's current call is 'Hold'. This suggests that investors should hold onto their current positions in the stock and not make any new investments.

In comparison to the overall market performance, Hindustan Copper has underperformed the Sensex by -3.98% in the past month and -3.98% in the past year. This indicates that the stock has not been able to keep up with the market trends and has seen a decline in its performance.

It is important to note that this article is based on factual information and does not include any external data or sources. It is recommended that investors do their own research and analysis before making any investment decisions.