Phoenix Mills Ltd. Sees -4.75% Drop in Stock, Remains Strong in Construction Industry
On September 27, 2024, Phoenix Mills Ltd., a largecap company in construction and real estate, saw a -4.75% decline in its stock, in line with MarketsMojo's 'Sell' recommendation. The stock underperformed the sector by -4.26% and touched an intraday low of Rs 1738.85. However, it still outperforms moving averages and remains a strong player in the industry.
Phoenix Mills ., a largecap company in the construction and real estate industry, saw a decline of -4.75% in its stock on September 27, 2024. This drop was in line with the recommendation of 'Sell' given by MarketsMOJO.
The stock opened with a loss of -2% and continued to underperform the sector by -4.26% throughout the day. It also touched an intraday low of Rs 1738.85, a decrease of -4.9%. However, the stock is still performing better than the 100 day and 200 day moving averages, but is lower than the 5 day, 20 day, and 50 day moving averages.
In comparison to the overall market performance, Phoenix Mills Ltd. saw a decline of -4.59% while the Sensex only had a marginal increase of 0.04%. Similarly, in the past month, the company's stock has decreased by -4.32% while the Sensex has seen a growth of 5.09%.
Despite the recent decline in stock performance, Phoenix Mills . remains a strong player in the construction and real estate industry. With its largecap size, the company has a solid foundation and potential for growth in the future.
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