Macrotech Developers' Stock Price Declines Amidst Underperformance in Sector

Nov 13 2024 01:20 PM IST
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On November 13, 2024, Macrotech Developers' stock price fell by -3.36% and is currently trading at Rs 1195.8. The stock has underperformed the sector by -0.27% and has seen a trend reversal after two consecutive days of gains. Its moving averages indicate a mixed trend and the company has fallen by -2.76% in the construction and real estate sector. In comparison to the Sensex, the stock has seen a decline of -3.52% in the past day and a growth of 2.38% in the past month. Investors should monitor the company's future developments and market conditions before making any investment decisions.


Macrotech Developers, a leading construction and real estate company, has seen a decline in its stock price on November 13, 2024. The stock has lost -3.36% and is currently trading at Rs 1195.8. MarketsMOJO has given a 'Sell' call for the stock.

In terms of performance, Macrotech Developers has underperformed the sector by -0.27% today. The stock has also seen a trend reversal as it has fallen after two consecutive days of gains. The day's low for the stock was Rs 1195.8, a decrease of -3.69%.

While the stock's moving averages are higher than the 5-day and 20-day averages, they are lower than the 50-day, 100-day, and 200-day averages. This indicates a mixed trend for the stock.

In the construction and real estate sector, Macrotech Developers has fallen by -2.76%. This could be due to various factors such as market conditions and company-specific developments.

Compared to the overall performance of the Sensex, Macrotech Developers has seen a decline of -3.52% in the past day and a growth of 2.38% in the past month. In comparison, the Sensex has seen a decline of -0.81% and -4.11% in the same time periods, respectively.

Overall, Macrotech Developers has seen a decline in its stock price and underperformance in the sector. Investors should keep an eye on the company's future developments and market conditions before making any investment decisions.
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