Honasa Consumer's Stock Performance Continues to Decline, Receives 'Strong Sell' Rating

Honasa Consumer, a midcap FMCG company, has been facing a downward trend in its stock performance. On November 22, 2024, the company's stock lost -5.16% and was given a 'Strong Sell' rating by MarketsMOJO.

The stock's price summary shows that it hit a new 52-week and all-time low of Rs. 224.2 on the same day. It also underperformed the sector by -5.67% and has been on a consecutive fall for the last 4 days, with a total decline of -39.09% in that period. The stock's intraday low was Rs. 224.2, a decrease of -5.56%.

In terms of moving averages, Honasa Consumer is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages. This indicates a negative trend in the stock's performance.

On a broader scale, Honasa Consumer's 1-day performance was -4.74%, while the Sensex's performance was 0.96%. In the past month, the company's stock has seen a decline of -44.38%, while the Sensex's performance was -2.89%.

Despite being a midcap FMCG company, Honasa Consumer's recent stock performance has been concerning. Investors should keep a close eye on the company's future developments and financial reports to make informed decisions.