John Cockerill India's Stock Drops -7.79% Amid Sector Underperformance

John Cockerill India, a smallcap company in the engineering industry, saw a decline of -7.79% in its stock price on October 29, 2024. This drop was in line with the overall underperformance of the sector, with the stock falling -4.15% below the sector's performance.

The day started on a negative note for John Cockerill India, as the stock opened with a loss of -6.71%. It then touched an intraday low of Rs 4650.05, which was -8.19% lower than the previous day's closing price. The stock's performance was also reflected in its moving averages, which were higher than the 200-day moving average but lower than the 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the Sensex, John Cockerill India's stock performance was -7.79% on the day, while the Sensex saw a positive performance of 0.52%. Looking at the past month, the stock has seen a decline of -20.44%, while the Sensex has also seen a negative performance of -6.02%.

While the stock call by MarketsMOJO is currently a 'Strong Sell', it is important to note that this is based on the stock's past performance and not a recommendation for future investments. As a smallcap company in the engineering industry, John Cockerill India's stock performance will continue to be closely monitored by investors.