ITD Cementation India: Strong Performance Amidst Market Volatility

ITD Cementation India, a leading player in the capital goods industry, has seen a dip in its stock price by -7.78% on December 20, 2023. However, this should not be a cause for concern for investors as the company has been given a 'Strong Buy' rating by MarketsMOJO.

Despite underperforming the sector by -5.48%, the stock has shown high volatility with an intraday low of Rs 266.7 (-9.24%). This can be attributed to the weighted average price of the stock. However, the stock is still performing well in the long term, with its moving averages higher than 50 day, 100 day, and 200 day moving averages.

In comparison, the capital goods sector has fallen by -2.24%, making ITD Cementation India's performance relatively better. In fact, the stock has outperformed the Sensex, with a 1-day performance of -7.54% compared to the Sensex's -0.97%. In the past month, the stock has also shown a positive performance of 3.17%, while the Sensex has only grown by 7.75%.

ITD Cementation India has a strong track record in the capital goods industry and has been consistently delivering positive results. With a 'Strong Buy' rating from MarketsMOJO, investors can have confidence in the company's future prospects. Despite the recent dip in stock price, ITD Cementation India remains a solid investment option in the smallcap category.