J Kumar Infraprojects Receives 'Hold' Rating Despite Negative Performance in Capital Goods Industry

J Kumar Infraprojects, a midcap company in the capital goods industry, has been given a 'Hold' rating by MarketsMOJO. The stock opened today with a loss of -5.13%, underperforming the sector by -0.57%. It also opened with a gap down at -5.13% and touched an intraday low of Rs 803.05.

Despite the negative performance today, J Kumar Infraprojects' moving averages are still higher than its 100 day and 200 day moving averages. However, it is currently lower than its 5 day, 20 day, and 50 day moving averages.

The capital goods sector as a whole has fallen by -3.6%, indicating a downward trend in the industry.

In comparison to the Sensex, J Kumar Infraprojects' 1 day performance is -2.68% while the Sensex's performance is -1.85%. Over the past month, the company's performance has been -8.72% compared to the Sensex's -0.64%.

While the stock may have had a rough start today, it is important to note that MarketsMOJO has given it a 'Hold' rating, indicating that it may still have potential for growth in the future. Investors should continue to monitor the company's performance and keep an eye on any developments in the capital goods industry.