New India Assurance Company's Stock Price Sees 3.16% Increase, But MarketsMOJO Recommends 'Sell'

New India Assurance Company, a leading finance and non-banking financial company (NBFC) in the largecap industry, saw a 3.16% increase in its stock price on October 9th, 2024. This rise in stock price was in line with the overall performance of the company, which has been gaining for the past two days and has seen a 4.87% increase in returns during this period.

According to MarketsMOJO, a leading stock market analysis and recommendation platform, the current stock call for New India Assurance Company is 'Sell'. However, the company has outperformed the sector by 2.35% and touched an intraday high of Rs 215.85, showing a 3.48% increase.

In terms of moving averages, New India Assurance Company is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock price.

In comparison to the overall performance of the Sensex, New India Assurance Company has shown a 1-day performance of 4.10% while the Sensex has only seen a 0.18% increase. Similarly, in the past month, the company's performance has been -15.52% compared to the Sensex's 0.27% increase.

Overall, New India Assurance Company has shown a positive performance in the stock market, but with a current 'Sell' recommendation from MarketsMOJO and a downward trend in moving averages, investors may want to carefully consider their options before making any investment decisions.