Monarch Networth Capital Faces Significant Decline Amid Broader Sector Challenges

Jan 13 2025 02:35 PM IST
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Monarch Networth Capital experienced a difficult trading day, opening with a significant loss and underperforming its sector. The stock has seen a cumulative decline over the past three days and is currently positioned above its 200-day moving average but below several shorter-term averages. The broader finance sector also faced challenges.
Monarch Networth Capital has faced a challenging trading day, opening with a notable loss of 5.08% and underperforming its sector by 3.32%. Over the last three days, the stock has experienced a cumulative decline of 12.3%.

During today's session, it reached an intraday low of Rs 405.65, reflecting a decrease of 6.09%. In terms of moving averages, the stock is currently above its 200-day moving average but below the 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed short-term performance.

The broader finance and non-banking financial company (NBFC) sector has also encountered challenges, with a decline of 2.44%. Monarch's one-day performance shows a loss of 5.34% compared to the Sensex, which fell by 1.29%. Over the past month, Monarch Networth Capital has decreased by 5.53%, while the Sensex has seen a slightly larger decline of 7.01%.
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