Kaveri Seed Company's Stock Sees Decline, But Experts Give 'Buy' Call

Kaveri Seed Company, a leading player in the agri-seeds industry, has been making headlines in the stock market recently. On August 14, 2024, the company's stock saw a decline of -5.41%, underperforming the sector by -0.54%. However, despite this recent dip, experts at MarketsMOJO have given a 'Buy' call for the stock.

Taking a closer look at the price summary, we can see that the stock opened with a gain of 2.27% today, but eventually fell to touch an intraday low of Rs 1057.6 (-4.72%). This marks the second consecutive day of losses for the stock, with a total decline of -7.87% in this period. However, the stock is still performing well in the long run, with its moving averages higher than 20 day, 50 day, 100 day, and 200 day moving averages.

In terms of sector performance, Agri-Seeds has fallen by -4.4%, which could be attributed to the recent decline in Kaveri Seed Company's stock. However, it is worth noting that the company's 1-month performance is still positive at 7.68%, outperforming the Sensex's performance of -1.69%.

Despite the recent dip in stock price, Kaveri Seed Company remains a strong player in the agri-seeds industry. With a 'Buy' call from MarketsMOJO and a positive long-term performance, investors may want to keep an eye on this midcap company.