Paras Defence Stock Sees -7.06% Decline, Labeled 'Strong Sell' by MarketsMOJO

Paras Defence and Space Technologies, a smallcap company in the defence industry, has seen a decline in its stock price by -7.06% on March 13, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has labeled it as a 'Strong Sell'.

The stock has underperformed the sector by -1.47% today and has been on a downward trend for the past three days, with a fall of -11.52% in that period. It also touched an intraday low of Rs 628, showing a high volatility of 5.61%.

Paras Defence is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The defence sector as a whole has also seen a decline of -6.56%.

In comparison to the Sensex, Paras Defence's performance has been even worse, with a -7.52% decline in just one day, while the Sensex only saw a -1.43% decline. Over the past month, the company's stock has fallen by -12.18%, while the Sensex has seen a positive growth of 1.48%.

Despite these numbers, it is important to note that this article is not making any recommendations or predictions about the future potential of Paras Defence and Space Technologies. It is simply presenting the facts and figures of the company's recent performance in a neutral and informative tone. Investors and experts should conduct their own research and analysis before making any decisions regarding this stock.