Linde India's Stock Price Declines by -3.78% Amidst Bearish Trend in Industrial Gases Sector

Linde India ., a leading player in the industrial gases and fuels industry, has seen a decline in its stock price by -3.78% on November 13, 2024. This has led to a 'Sell' call by MarketsMOJO, a leading financial analysis platform.

The stock has underperformed the sector by -1.05% and has been on a downward trend for the past 5 days, with a fall of -14.99% during this period. On November 13, the stock touched an intraday low of Rs 6692, a decrease of -4.12%.

Linde India is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend in the stock. The industrial gases and fuels sector as a whole has also seen a decline of -3.1%.

In comparison to the overall market performance, Linde India has underperformed with a -3.14% return, while the Sensex has only seen a -0.49% decrease. Over the past month, the stock has seen a decline of -16.85%, while the Sensex has only fallen by -3.80%.

Despite the recent decline in stock price, Linde India remains a largecap company in the industrial gases and fuels industry. Investors should keep an eye on the company's performance and market trends before making any investment decisions.