HPL Electric & Power Stock Drops 7.0% Following MarketsMOJO's Hold Recommendation

HPL Electric & Power, a smallcap company in the electric equipment industry, saw a decline of 7.0% in its stock price on November 13, 2024. This drop was reflected in the stock call given by MarketsMOJO, which advised investors to hold onto their shares.

The stock's performance today was underwhelming, as it underperformed the sector by 5.01%. It also touched an intraday low of Rs 490.55, a decrease of 7.34%. However, the stock's moving averages show a mixed trend, with it being higher than the 200 day moving average but lower than the 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the Sensex, HPL Electric & Power's performance over the past day and month has been negative. The stock's 1 day performance was -6.97% while the Sensex only saw a decrease of 0.62%. Similarly, the stock's 1 month performance was -10.86% compared to the Sensex's -3.92%.

While there is no mention of future potential or investor interest, it is important to note that HPL Electric & Power is a smallcap company in the electric equipment industry. This means that it may have more room for growth and potential in the future. However, it is always important to do thorough research and make informed decisions when investing in the stock market.