KNR Constructions Outperforms in Volatile Market, Recommended as 'Buy' by MarketsMOJO

In the capital goods industry, midcap company KNR Constructions has been making headlines with its recent stock performance. Despite a volatile market, the stock has been showing resilience and has been recommended as a 'Buy' by MarketsMOJO.

Today, the stock opened with a loss of -6.19%, in line with the sector's performance. However, it has been on a consecutive fall for the last 4 days, with a total decline of -10.45%. This could be a cause for concern for some investors, but it is important to note that the stock has been highly volatile today with an intraday volatility of 98.16%.

Despite the recent dip, KNR Constructions' stock is still performing well in comparison to its moving averages. It is higher than the 50 day, 100 day, and 200 day moving averages, indicating a positive trend in the long term. However, it is currently lower than the 5 day and 20 day moving averages, which could be a short term concern.

In the capital goods sector, KNR Constructions has been outperforming with a decline of only -2.64%, while the sector as a whole has fallen by -2.64%. This shows the company's strength and resilience in a challenging market.

In comparison to the Sensex, KNR Constructions' 1 day performance is -7.54%, while the Sensex has declined by -1.99%. Over the past month, the company's performance has been even better with a growth of 1.21%, while the Sensex has declined by -0.78%.

Overall, KNR Constructions has been showing positive performance and has been recommended as a 'Buy' by MarketsMOJO. With its strong position in the capital goods industry and its resilience in a volatile market, the company is definitely one to watch out for.