Hindware Home Innovation Stock Sees Significant Increase, But Receives 'Strong Sell' Call

Hindware Home Innovation, a smallcap company in the consumer durables industry, has seen a significant increase in its stock price on October 11, 2024. The stock has gained 8.27%, outperforming the sector by 8.36%.

According to MarketsMOJO, a leading stock market analysis platform, the stock has been given a 'Strong Sell' call. This may be due to the stock's recent volatility and its performance compared to the broader market.

On the day of October 11, the stock reached an intraday high of Rs 327.25, an increase of 8.22%, and an intraday low of Rs 295, a decrease of 2.45%. This shows a high level of volatility, with an intraday volatility of 5.49%.

The stock has been gaining for the last 2 days and has risen 11.54% in that period. However, it is currently trading higher than its 5-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, a benchmark index for the Indian stock market, Hindware Home Innovation has outperformed with a 1-day performance of 7.69% compared to the Sensex's -0.29%. However, in the last 1 month, the stock has underperformed with a -7.70% return compared to the Sensex's -0.18%.

Overall, Hindware Home Innovation's stock has shown a strong performance on October 11, but investors should be cautious due to its recent volatility and the 'Strong Sell' call by MarketsMOJO.