L&T Finance Holdings' Stock Sees -4.63% Decline, MarketsMOJO Gives 'Hold' Call

L&T Finance Holdings, a leading finance and non-banking financial company (NBFC) in India, saw a decline of -4.63% in its stock price on March 6th, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock has been on a downward trend for the past two days, with a fall of -6.14% during this period. On March 6th, the stock touched an intraday low of Rs 163.05, a decrease of -5.01%. However, the stock is still performing better than the sector, with a difference of -4.05%.

Despite the recent decline, L&T Finance Holdings' stock is still higher than its 100-day and 200-day moving averages. However, it is currently lower than its 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, L&T Finance Holdings' stock has underperformed with a -5.74% return, while the Sensex has shown a minimal increase of 0.02%. Over the past month, the stock has also seen a decline of -4.99%, while the Sensex has shown a positive growth of 2.09%.

As a largecap company in the finance/NBFC industry, L&T Finance Holdings continues to be a significant player in the market. While the recent decline in stock price may be a cause for concern, it is important to note that this is a fact-based analysis and does not include any external data or sources. Investors are advised to do their own research and make informed decisions.