Magadh Sugar & Energy Stock Sees -7.21% Decline, Outperforms Sugar Sector

Magadh Sugar & Energy, a smallcap company in the sugar industry, has seen a decline of -7.21% in its stock price on October 22, 2024. This underperformance is reflected in the stock's 'Hold' call by MarketsMOJO.

The stock opened with a gain of 4.63% today, but quickly fell to an intraday low of Rs 729.25, a decrease of -7.23%. This high volatility is evident in the stock's intraday volatility of 6.94%, calculated from the weighted average price.

Magadh Sugar & Energy has been on a downward trend for the last 5 days, with a consecutive fall of -14.38% in this period. However, the stock's performance today is still higher than the sugar sector, which has fallen by -3.79%.

In terms of moving averages, Magadh Sugar & Energy's stock is currently higher than its 200 day moving average, but lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

Compared to the Sensex, Magadh Sugar & Energy's stock has underperformed with a -7.21% decrease, while the Sensex has only seen a -1.21% decrease in its performance in the last day. In the last month, the stock has also underperformed with a -24.02% decrease, while the Sensex has only seen a -5.18% decrease.

Overall, Magadh Sugar & Energy's stock has shown a decline in its performance, but it is still performing better than the sugar sector. Investors may want to hold onto their shares for now and keep an eye on the stock's performance in the coming days.