Nestle India's Stock Hits 52-Week Low Amidst Sector Challenges and Downward Trend

Nestle India, a leading FMCG company in India, has recently hit a 52-week low on November 14, 2024. The stock has been on a downward trend for the past four days, with a consecutive fall of -3.18% in returns during this period. This has led to a 'Sell' call by MarketsMOJO.

The stock price of Nestle India touched a low of Rs. 2214.35 on November 14, which is the lowest it has been in the past 52 weeks. This performance is in line with the overall sector, as the company is facing challenges in the current market conditions.

Nestle India's moving averages also indicate a downward trend, with the stock trading lower than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This further supports the 'Sell' call by MarketsMOJO.

In comparison to the Sensex, Nestle India's performance in the past year has been -7.83%, while the Sensex has seen a growth of 19.87%. This shows that the company has not been able to keep up with the overall market performance.

It is important to note that this news article is based on factual information and does not include any external data or sources. It is important for investors to do their own research and analysis before making any investment decisions.