Jyoti Resins and Adhesives Stock Sees Decline, Underperforms Sector and Market

Jyoti Resins and Adhesives, a smallcap company in the chemicals industry, has been facing a downward trend in its stock performance. On November 18, 2024, the company's stock saw a decline of -7.72%, leading to a 'Sell' call by MarketsMOJO.

The stock opened with a loss of -4.16% and continued to underperform the sector by -8.21% throughout the day. It also touched an intraday low of Rs 1306.85, a decrease of -8.29%. This decline can be attributed to the fact that Jyoti Resins is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the overall market performance, Jyoti Resins and Adhesives has been underperforming. Its 1 day performance was -8.44% while the Sensex only saw a decline of -0.50%. Similarly, its 1 month performance was -11.42% while the Sensex only saw a decline of -4.96%.

While the reasons for this decline are not specified, investors should keep an eye on Jyoti Resins and Adhesives' stock performance in the coming days. As a smallcap company in the chemicals industry, it is important to closely monitor its performance and make informed decisions.