ITD Cementation India's Stock Sees Decline, But Remains Strong in Capital Goods Industry

ITD Cementation India, a midcap company in the capital goods industry, has been making headlines in the stock market recently. On October 25, 2024, the company's stock saw a decline of -5.34%, underperforming the sector by -3.57%. This has been the second consecutive day of losses for the stock, with a total fall of -5.36% in the period.

Despite this recent dip, MarketsMOJO has given a 'Strong Buy' call for ITD Cementation India's stock. The company has been a part of MOJO Stocks on MarketsMOJO since January 9, 2024.

On October 25, the stock touched an intraday low of Rs 517.95, a decrease of -5.34%. However, the stock's moving averages are still higher than its 200 day moving average, indicating a positive trend in the long term. It is currently lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the Sensex, ITD Cementation India's stock has underperformed with a -6.24% return on the day, while the Sensex only saw a -0.43% decline. Over the past month, the stock has also underperformed the Sensex with a -8.63% return, compared to the Sensex's -6.40% return.

Despite the recent dip in the stock's performance, ITD Cementation India remains a strong player in the capital goods industry. With a 'Strong Buy' call from MarketsMOJO and a positive long-term trend, investors may want to keep an eye on this midcap company.