Hitachi Energy India's Stock Declines by -6.37% on November 11, 2024

Hitachi Energy India, a leading player in the capital goods industry, has seen a decline in its stock price by -6.37% on November 11, 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 -6.09% on the same day. It has also been on a consecutive fall for the last 3 days, with a total decline of -11.63% during this period. The stock touched an intraday low of Rs 13077.8, showing a decrease of -6.71%.

Despite this recent decline, Hitachi Energy India's moving averages are still higher than the 100-day and 200-day moving averages. However, it is currently lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Hitachi Energy India's stock has shown a -7.29% decline, while the Sensex has only decreased by -0.02% on the same day. Over the past month, the stock has seen a -18.02% decline, while the Sensex has only decreased by -2.35%.

Hitachi Energy India's stock performance may be a cause for concern for investors, but it is important to note that this is a short-term trend and does not reflect the company's long-term potential. As a largecap company in the capital goods industry, Hitachi Energy India has a strong foundation and is well-positioned for future growth.