Neogen Chemicals' Stock Sees -5.19% Decline, Underperforms in Chemical Industry

Neogen Chemicals, a midcap company in the chemicals industry, has seen a decline in its stock price by -5.19% on November 11, 2024. This drop in stock price has been attributed to the company's underperformance in the sector, with a -3.33% difference. The stock has also been on a downward trend for the past three days, with a total loss of -12.13% during this period. On the same day, the stock hit an intraday low of Rs 2010.95, representing a -5.69% decrease. However, despite these recent losses, Neogen Chemicals' moving averages are still higher than the 50-day, 100-day, and 200-day averages. It is worth noting that the stock is currently lower than the 5-day and 20-day moving averages. In comparison to the overall market performance, Neogen Chemicals' stock has underperformed. On the day of the decline, the stock's performance was -4.92%, while the Sensex saw a positive performance of 0.49%. Over the past month, the stock has also seen a decline of -6.96%, while the Sensex has only seen a -1.85% decrease. Overall, Neogen Chemicals' stock has seen a recent decline, but it is still performing better than the market's moving averages. Investors may want to hold onto their stock for now, as recommended by MarketsMOJO.