Ingersoll-Rand (India) Ltd sees -5.88% decline in stock price, in line with sector performance

Ingersoll-Rand (India) Ltd, a midcap company in the compressors and pumps industry, has seen a decline of -5.88% in its stock price on August 5th, 2024. This comes after a series of consecutive losses in the past four days, resulting in a total decline of -8.82%. The stock opened with a gap down of -5.79% and touched an intraday low of Rs 4011.05, a decrease of -6.31%.

Despite this recent decline, the stock's performance today is in line with the overall sector performance, which has fallen by -5.41%. In terms of moving averages, Ingersoll-Rand (India) Ltd is currently higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

According to MarketsMOJO, a leading stock analysis platform, the stock's current call is 'Hold'. This is based on its 1-day performance of -4.50% compared to the Sensex's performance of -2.74%, and its 1-month performance of -10.22% compared to the Sensex's performance of -1.55%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative tone for readers interested in the stock performance of Ingersoll-Rand (India) Ltd. As always, it is recommended to do your own research and consult with a financial advisor before making any investment decisions.