Mangalam Cement's Stock Sees 7.28% Decline Amidst Underperforming Cement Sector

Mangalam Cement, a smallcap company in the cement industry, saw a decline of 7.28% in its stock price on October 7th, 2024. This drop was in line with the overall underperformance of the sector, with the stock falling 5.35% below the sector's average performance.

The stock opened at Rs 875 and touched an intraday low of Rs 815.3, showing high volatility with an intraday range of 5.28%. This is calculated from the weighted average price, indicating a significant fluctuation in the stock's price during the day.

Mangalam Cement's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its performance.

In comparison to the Sensex, Mangalam Cement's stock performance has been lower, with a decline of 7.05% in just one day, while the Sensex only saw a decrease of 0.74%. Over the past month, the stock has also underperformed the Sensex, with a decline of 18.63% compared to the Sensex's decrease of 0.12%.

MarketsMOJO has given a 'Hold' call for Mangalam Cement's stock, suggesting that investors should hold onto their current positions in the company. This news article aims to provide neutral and informative information about Mangalam Cement's recent stock performance, without mentioning any future potential, investor interest, or expert opinions. It is based solely on the facts and figures provided by the company and does not include any external data or sources.