ISGEC Heavy Engineering Stock Declines by -5.11% Amidst Sector-Wide Drop

ISGEC Heavy Engineering, a midcap company in the engineering industry, has seen a decline in its stock price by -5.11% on November 13, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold'.

In today's trading, ISGEC Heavy Engineering underperformed the sector by -2.38%. This is the third consecutive day of losses for the company, with a total decline of -9.12% in this period. The stock also touched an intraday low of Rs 1249.6, a decrease of -5.63%.

While the stock's performance today may be concerning, it is worth noting that ISGEC Heavy Engineering's moving averages are higher than its 200 day moving average. However, it is lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

The engineering - industrial equipments sector as a whole has also seen a decline of -3.11%.

In comparison to the Sensex, ISGEC Heavy Engineering's 1 day performance is -5.10%, while the Sensex's performance is -0.81%. Similarly, in the past month, the company's performance is -5.64% compared to the Sensex's -4.11%.

Overall, ISGEC Heavy Engineering's stock has seen a decline in the past few days, but it is still performing better than the sector as a whole. Investors may want to keep an eye on the company's moving averages and sector performance for a better understanding of its future performance.