Man Industries (India) Ltd's Stock Declines Amidst Sector Underperformance and Consecutive Fall.

Aug 05 2024 12:45 PM IST
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On August 5th, 2024, Man Industries (India) Ltd, a smallcap company in the iron and steel industry, saw a decline in its stock price and has been given a 'Hold' call by MarketsMojo. The stock underperformed the sector by -2.45% and has seen a consecutive fall for the last 3 days. However, the stock's moving averages are still higher than the 100 day and 200 day averages. In comparison, the Sensex has also seen a decline of -3.13% on the same day. Over the past month, the company's stock has seen a decline of -11.79%, while the Sensex has only seen a decline of -1.93%.

Man Industries (India) Ltd, a smallcap company in the iron and steel industry, has seen a decline in its stock price on August 5th, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

On this day, the stock underperformed the sector by -2.45%, with a consecutive fall for the last 3 days and a total decline of -11.57% in that period. The stock also opened with a gap down of -3.89% and touched an intraday low of Rs 411.5 (-7.59%). However, the stock's moving averages are still higher than the 100 day and 200 day averages, but lower than the 5 day, 20 day, and 50 day averages.

In the iron and steel sector, Man Industries (India) Ltd's performance has fallen by -4.98%. In comparison, the Sensex has also seen a decline of -3.13% on the same day. Over the past month, the company's stock has seen a decline of -11.79%, while the Sensex has only seen a decline of -1.93%.

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 interested in the performance of Man Industries (India) Ltd in the iron and steel industry.
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