KPI Green Energy's Stock Sees Dip, But Remains Strong in Engineering Industry

KPI Green Energy, a midcap company in the engineering and industrial equipment industry, has recently seen a dip in its stock price. On April 15, 2024, the company's stock lost -5.0%, underperforming the sector by -1.95%. However, despite this recent decline, MarketsMOJO has given a 'Buy' call for KPI Green Energy's stock.

The stock opened with a loss of -5% today, indicating a gap down opening. It then touched an intraday low of Rs 1686.1, which is a -5% decrease from its previous closing price. However, it is worth noting that KPI Green Energy's stock is still performing well in the long term, with its moving averages higher than the 20, 50, 100, and 200 day averages. The only exception is the 5 day moving average, which is currently lower.

In comparison to the overall market performance, KPI Green Energy's stock has underperformed in the past 1 day, with a -4.10% decrease, while the Sensex has only seen a -1.01% decrease. However, in the past 1 month, the company's stock has outperformed the Sensex with a 17.11% increase, while the Sensex has only seen a 1.18% increase.

Despite the recent dip in stock price, KPI Green Energy remains a strong player in the engineering and industrial equipment industry. With a 'Buy' call from MarketsMOJO and a positive long term performance, investors may want to consider adding KPI Green Energy to their portfolio.