Oil India Ltd. Stock Sees -3.18% Decline, MarketsMOJO Gives 'Hold' Call

Oil India ., a largecap company in the oil exploration and refineries industry, saw a decline of -3.18% in its stock price on October 16, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock has been on a downward trend for the past two days, with a fall of -7.24% during this period. On October 16, the stock touched an intraday low of Rs 542.25, a decrease of -3.05%. While the stock's performance today was lower than the sector by -3.03%, it is still higher than its 200 day moving average.

However, the stock's performance is lower than its 5 day, 20 day, 50 day, and 100 day moving averages. This indicates a short-term decline in the stock's price.

In comparison to the Sensex, Oil India Ltd. has underperformed with a -3.18% decrease in its stock price, while the Sensex only saw a -0.05% decrease. Over the past month, the stock has seen a decline of -10.87%, while the Sensex has only seen a -1.46% decrease.

Overall, Oil India Ltd. has seen a decline in its stock price, with a 'Hold' call from MarketsMOJO. Investors should keep an eye on the stock's performance in the coming days.