National Standard (India) Ltd's Stock Declines by -5.22% on January 23, 2024, According to MarketsMOJO.

National Standard (India) Ltd, a midcap company in the metal-ferrous industry, saw a decline of -5.22% in its stock price on January 23, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock opened with a gain of 2.42% today, but soon fell to an intraday low of Rs 5505, marking a -7.33% decrease. It also touched an intraday high of Rs 6084, showing high volatility with an intraday range of 5%. This is calculated from the weighted average price.

National Standard (India) Ltd has been on a downward trend for the last 3 days, with a consecutive fall of -11.85% in this period. However, the stock is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the metal-ferrous sector, National Standard (India) Ltd's performance is in line with the overall trend, as the sector has fallen by -2.36%. In comparison, the Sensex has only seen a -0.90% decline in its performance on the same day.

Over the past month, National Standard (India) Ltd has shown a strong performance of 22.21%, while the Sensex has seen a slight decline of -0.46%. This shows that the company has been able to outperform the market in the short term.

Investors should keep an eye on the stock's performance in the coming days to make informed decisions. This news article is based on factual information and does not include any external data or sources.