Hindustan Petroleum Corporation . Stock Declines by -3.46% on November 4th, Rated as 'Hold' by MarketsMOJO

Hindustan Petroleum Corporation ., one of the leading players in the oil exploration and refineries industry, has seen a decline in its stock price by -3.46% on November 4th, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has underperformed the sector by -0.67% and has also shown a trend reversal after two consecutive days of gains. On the day of the decline, the stock touched an intraday low of Rs 367.8, which is a decrease of -3.49%.

While the stock is currently trading higher than its 200-day moving average, it is lower than its 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend for the stock in the short term.

In terms of sector performance, the oil exploration and refineries industry has also seen a decline of -2.78%. However, investors can take solace in the fact that the stock has a high dividend yield of 4.33% at the current price.

Comparing the performance of Hindustan Petroleum Corporation . with the overall market, the stock has underperformed the Sensex by -3.63% in the past 1 day and -9.76% in the past 1 month. This could be a cause for concern for investors, but it is important to note that past performance does not guarantee future results.

Overall, the stock of Hindustan Petroleum Corporation . has seen a decline in its price, but it is still trading at a higher level than its 200-day moving average. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.