Marico Ltd. Stock Declines by -3.21% Amidst FMCG Sector Downturn

Marico Ltd., a leading FMCG company, has seen a decline in its stock price by -3.21% on October 24, 2024. This has been reflected in the stock call given by MarketsMOJO, which is 'Hold' for Marico Ltd.

The stock has been underperforming for the last four days, with a consecutive fall of -4.13% in this period. On the same day, the stock touched an intraday low of Rs 640.1, which is a decrease of -2.79%. However, it has outperformed the FMCG sector by 0.98% in today's trading.

When compared to the moving averages, the stock is currently higher than the 200-day moving average but lower than the 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend in the stock's performance.

In the FMCG sector, there has been a decline of -3.64%, which is reflected in the performance of Marico Ltd. as well. However, it is important to note that the stock has performed better than the overall market, with a -3.25% decrease compared to the Sensex's -0.02% performance in the last 1 day. In the last 1 month, Marico Ltd. has seen a decline of -9.64%, while the Sensex has seen a decrease of -5.71%.

Overall, the recent performance of Marico Ltd. has been impacted by the decline in the FMCG sector. However, the stock has shown resilience by outperforming the market in the short term. Investors are advised to hold their positions in the stock and keep a close eye on its performance in the coming days.