NHPC Stock Sees Decline in Price, Underperforms Sector and Market

NHPC, a largecap company in the power generation and distribution industry, has seen a decline in its stock price on October 7th, 2024. The stock closed at Rs 90, down by -3.34% from the previous day's closing price. This underperformance was also reflected in the sector, as the power generation and distribution industry fell by -2.06%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for NHPC's stock is 'Hold'. This is based on the stock's performance today, where it underperformed the sector by -1.39%. The stock also touched an intraday low of Rs 90, showing a decline of -3.4%.

In terms of moving averages, NHPC is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance.

Comparing NHPC's performance to the overall market, the stock has underperformed the Sensex by -3.86% in the past day and -6.77% in the past month. In comparison, the Sensex has shown a positive performance of 0.15% and 0.77% in the same time periods, respectively.

While there has been a decline in NHPC's stock price, it is important to note that this article is not making any recommendations or predictions about the future potential of the company. It is simply stating the facts and figures based on the current performance of the stock. Investors are advised to do their own research and analysis before making any investment decisions.