Mangalam Cement's Stock Sees Decline, MarketsMOJO Gives 'Hold' Call

Mangalam Cement, a smallcap company in the cement industry, saw a decline in its stock price today. According to MarketsMOJO, the stock opened with a loss of -6.23% and underperformed the sector by -1.88%. This marks a trend reversal for the stock, as it had seen two consecutive days of gains before today's drop.

The stock also opened with a gap down, indicating a significant decrease in value. It touched an intraday low of Rs 864, a decrease of -6.23%. However, despite today's decline, the stock's moving averages are still higher than its 5 day and 200 day moving averages. It is, however, lower than its 20 day, 50 day, and 100 day moving averages.

In comparison to the Sensex, Mangalam Cement's performance over the past 1 day and 1 month has been -2.39% and -10.94%, respectively. This is lower than the Sensex's performance of -1.45% and 0.59% for the same time periods.

Based on these factors, MarketsMOJO has given a 'Hold' call for Mangalam Cement's stock. As a smallcap company in the cement industry, it is important for investors to keep a close eye on the stock's performance and make informed decisions.