Linde India Faces Stock Decline Amidst Challenging Market Conditions and Sector Underperformance

Jan 13 2025 01:15 PM IST
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Linde India Ltd. experienced a notable decline in stock performance on January 13, 2025, underperforming its sector and the Sensex. The stock has been trading below its moving averages across various time frames, reflecting cautious market sentiment amid challenging conditions. Over the past month, it has decreased significantly.
Linde India Ltd., a key player in the industrial gases and fuels sector, faced a significant decline in its stock performance on January 13, 2025, with a drop of 4.13%. The stock opened the day with a gap down of 2.9% and reached an intraday low of Rs 6234.95, marking a decrease of 3.23% at that point.

In terms of relative performance, Linde India underperformed its sector by 1.05%, with a 1-day performance of -4.24%, while the Sensex experienced a decline of 0.99%. Over the past month, Linde India has recorded a decrease of 8.83%, compared to the Sensex's fall of 6.72%.

The stock is currently trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This trend indicates a cautious market sentiment as Linde India navigates through challenging conditions.
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