Linde India's Stock Price Declines by -4.7% on November 12, Rated as 'Sell' by MarketsMOJO.

Nov 12 2024 02:45 PM IST
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Linde India, a major player in the industrial gases and fuels industry, has experienced a -4.7% decline in its stock price on November 12, 2024. This is in line with the overall downward trend in the sector, with the stock trading below its moving averages and underperforming the Sensex.

Linde India ., a leading player in the industrial gases and fuels industry, has seen a decline in its stock price by -4.7% on November 12, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Sell'.

The stock has underperformed the sector by -2.03% and has been on a consecutive fall for the last 4 days, with a decline of -10.21% in this period. On the day of November 12, the stock touched an intraday low of Rs 7091.45, showing a decrease of -3.46%.

Linde India is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend in its stock price. The industrial gases and fuels sector as a whole has also seen a decline of -2.07%.

In comparison to the overall performance of the Sensex, Linde India's stock has shown a -4.70% decrease, while the Sensex has only seen a -0.79% decrease on the same day. In the past month, the stock has seen a decline of -13.90%, while the Sensex has only seen a -3.09% decrease.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers who are interested in the performance of Linde India in the industrial gases and fuels industry. This is not a recommendation to buy or sell the stock, and no mention of future potential, investor interest, or expert opinions has been made.
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