Madras Fertilizers' Stock Performance Declines by -7.06% on June 24, According to MarketsMOJO Data

Madras Fertilizers, a smallcap company in the fertilizer industry, has been facing a downward trend in its stock performance. On June 24, 2024, the company's stock lost -7.06%, according to data from MarketsMOJO. The stock has been given a 'Sell' call by MarketsMOJO.

In terms of price performance, Madras Fertilizers has underperformed the sector by -1.72% on the same day. The stock has also been on a consecutive fall for the last 2 days, with a total decline of -15.96% during this period. The stock touched an intraday low of Rs 108 (-6.71%) on June 24.

While the stock's moving averages are higher than the 20 day, 50 day, 100 day, and 200 day moving averages, it is lower than the 5 day moving average. This indicates a mixed trend in the stock's performance.

In the fertilizer sector, Madras Fertilizers has fallen by -4.84%. However, it is important to note that the stock's performance should not be considered in isolation, but in comparison to the overall sector performance.

On June 24, Madras Fertilizers' 1 day performance was -6.71%, while the Sensex's performance was 0.01%. In the past month, Madras Fertilizers' performance was 14.20%, while the Sensex's performance was 2.39%.

It is important for investors to carefully analyze the performance of a company before making any investment decisions. While Madras Fertilizers may have faced a decline in its stock performance, it is crucial to consider the overall market trends and the company's financial health before making any conclusions.