Mukand's Stock Price Declines by -8.66% and Receives 'Sell' Call from MarketsMOJO
On February 8th, 2024, Mukand's stock price saw a decline of -8.66%, leading to a 'Sell' call by MarketsMojo. The stock has been on a consecutive fall for the last 4 days, with a total decline of -12.05%. Moving averages indicate a downward trend, and Mukand's performance has underperformed the sector and Sensex. Investors should conduct their own research before making any investment decisions.
Mukand, a smallcap company in the iron and steel industry, has recently faced a decline in its stock price. On February 8th, 2024, the company's stock lost -8.66%, leading to a 'Sell' call by MarketsMOJO.
According to the price summary, Mukand's performance today has underperformed the sector by -8.45%. The stock has also been on a consecutive fall for the last 4 days, with a total decline of -12.05% during this period. On the same day, the stock touched an intraday low of Rs 176.1, which is a significant decrease of -8.71%.
While Mukand's moving averages are higher than the 100-day and 200-day moving averages, they are lower than the 5-day, 20-day, and 50-day moving averages. This indicates a downward trend in the stock's performance.
In comparison to the Sensex, Mukand's 1-day performance is -10.32%, while the Sensex has only seen a -0.75% decline. Similarly, the 1-month performance of Mukand is -10.34%, while the Sensex has seen a slight increase of 0.36%.
It is important to note that this article is based on factual information and does not include any external data or sources. As a smallcap company in the iron and steel industry, Mukand's stock performance may be affected by various factors, and investors are advised to do their own research before making any investment decisions.
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