HPL Electric & Power Stock Drops -7.4% on October 7th, Reflecting 'Hold' Rating by MarketsMOJO

HPL Electric & Power, a smallcap company in the electric equipment industry, has seen a decline of -7.4% in its stock price on October 7th, 2024. This drop in stock price has been reflected in the 'Hold' rating given by MarketsMOJO.

The stock opened with a loss of -2.19% and continued to underperform the sector by -5.09%. It also touched an intraday low of Rs 508.05, showing a high volatility of 5.92%. This volatility has been calculated from the weighted average price.

Despite the stock being higher than its 200 day moving average, it is lower than its 5 day, 20 day, 50 day, and 100 day moving averages. This indicates a mixed trend in the stock's performance.

In the electric equipment sector, HPL Electric & Power has fallen by -3.06%. However, in comparison to the Sensex, the stock has underperformed with a 1 day performance of -6.96% as opposed to the Sensex's -0.79%. Similarly, in the past month, the stock has seen a decline of -12.51% while the Sensex has only seen a decline of -0.18%.

Overall, HPL Electric & Power's stock has shown a decline in performance, with high volatility and underperformance in the electric equipment sector. Investors are advised to hold their positions and monitor the stock's performance in the coming days.