Patel Engineering's Stock Performance Declines Amidst Challenging Capital Goods Sector

Patel Engineering, a smallcap company in the capital goods industry, has been in the news recently due to its stock performance. According to MarketsMOJO, the stock has been given a 'Hold' call, indicating a neutral stance on the company's prospects.

The stock opened today with a loss of -5.04%, underperforming the sector by -0.45%. This marks the fourth consecutive day of losses for Patel Engineering, with a total decline of -8.86% in this period. The stock also opened with a gap down, further adding to the negative sentiment.

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

The capital goods sector as a whole has also seen a decline of -2.94%, adding to the challenges faced by Patel Engineering. In comparison, the Sensex has only seen a decline of -1.82% in the past day and -0.61% in the past month.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of Patel Engineering. Investors are advised to do their own research and make informed decisions.