NALCO Stock Declines by -3.04% on September 9, 2024, Reflecting Underperformance in Sector

Sep 09 2024 12:30 PM IST

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On September 9, 2024, NALCO's stock price declined by -3.04%, leading to a 'Hold' call by MarketsMojo. The stock has been underperforming with a -0.29% difference from the sector average and a consecutive 2-day decline of -3.77%. While its moving averages are higher than the 200-day average, they are lower than the 5, 20, 50, and 100-day averages, indicating a mixed trend. In the aluminium sector, NALCO's performance has fallen by -2.19%. Compared to the Sensex, the stock has underperformed in the past day and month with a -3.04% and -4.74% decrease respectively. Despite this, NALCO remains a largecap company in the industry. This information is based on facts and investors are advised to conduct their own research before making any decisions.

National Aluminium Company (NALCO) has experienced a decline in its stock price by -3.04% on September 9, 2024. This underperformance is reflected in the stock's current call of 'Hold' by MarketsMOJO.

In terms of price summary, NALCO's performance today has been -0.29% lower than the sector average. The stock has also been on a consecutive fall for the past 2 days, with a total decline of -3.77%. It touched an intraday low of Rs 168.1, representing a -3.45% decrease.

While NALCO's moving averages are higher than its 200 day moving average, they are lower than the 5 day, 20 day, 50 day, and 100 day moving averages. This indicates a mixed trend for the stock.

In the aluminium and aluminium products sector, NALCO's performance has fallen by -2.19%.

Comparing NALCO's 1 day and 1 month performance to the Sensex, the stock has underperformed with a -3.04% decrease compared to the Sensex's 0.08% increase in the past day, and a -4.74% decrease compared to the Sensex's 1.94% increase in the past month.

Despite these recent declines, NALCO remains a largecap company in the aluminium and aluminium products industry. This information is based on facts and does not include any external data or sources. Investors are advised to do their own research and make informed decisions.

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