Hindware Home Innovation Stock Drops -8.73% After 'Strong Sell' Call by MarketsMOJO

Oct 22 2024 03:16 PM IST
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Hindware Home Innovation, a smallcap company in the consumer durables industry, has seen a -8.73% decrease in its stock price on October 22, 2024. This is due to a 'Strong Sell' call from MarketsMojo and underperformance in the sector. The stock is currently trading below all its moving averages, indicating a downward trend.

Hindware Home Innovation, a smallcap company in the consumer durables industry, has seen a decline of -8.73% in its stock price on October 22, 2024. This drop has been attributed to the stock being given a 'Strong Sell' call by MarketsMOJO.

The stock has underperformed the sector by -5.97% and has touched an intraday low of Rs 312.3, a decrease of -8.16%. It has also been highly volatile today with an intraday volatility of 5.42%, calculated from the weighted average price.

In terms of moving averages, Hindware Home Innovation is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance.

The consumer durables sector as a whole has also seen a decline of -2.14%, further contributing to the negative performance of Hindware Home Innovation.

Comparing the stock's performance to the Sensex, Hindware Home Innovation has seen a -8.73% decrease in just one day, while the Sensex has only seen a -1.21% decrease. Over the past month, the stock has seen a -8.30% decrease, while the Sensex has seen a -5.18% decrease.

Overall, Hindware Home Innovation's stock has seen a significant decline in its performance, with a 'Strong Sell' call from MarketsMOJO. Investors should keep an eye on the stock's movement and consider the current market conditions before making any investment decisions.
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