Kirloskar Oil Engines sees -5.02% decline in stock price, underperforms sector by -3.97%

Kirloskar Oil Engines, a midcap company in the diesel engines industry, has seen a decline of -5.02% in its stock price on November 21, 2024. This decline has been reflected in the stock's performance today, as it underperformed the sector by -3.97%. The stock has also been on a consecutive fall for the last 3 days, with a total decline of -6.67% during this period.

On November 21, the stock touched an intraday low of Rs 1060.55, a decrease of -4.88% from the previous day's closing price. This downward trend is also evident in the stock's moving averages, as it is currently trading below the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

Despite this recent decline, it is important to note that Kirloskar Oil Engines has been performing better than the Sensex in the short term. Its 1 day performance is -4.86% compared to the Sensex's -0.65%, and its 1 month performance is -7.75% compared to the Sensex's -5.03%.

MarketsMOJO has given a 'Hold' call for Kirloskar Oil Engines, indicating a neutral stance on the stock. As a midcap company in the diesel engines industry, Kirloskar Oil Engines has faced some challenges in the market, but its long term potential remains to be seen. Investors should continue to monitor the stock's performance and make informed decisions based on factual information.