PIIC Stock Sees -5.51% Decline, MarketsMOJO Gives 'Hold' Call

Pilani Investment & Industries Corporation (PIIC), a midcap finance and non-banking financial company (NBFC), saw a decline of -5.51% in its stock price on November 13, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock opened at Rs 6549 and touched an intraday high of Rs 6549, showing a gain of 2.6%. However, it also touched an intraday low of Rs 6152.1, indicating a fall of -3.62%. This is the second consecutive day of losses for PIIC, with a total decline of -5.51% in the period.

Despite this recent decline, PIIC's stock price is still higher than its 5-day, 50-day, 100-day, and 200-day moving averages. However, it is currently lower than its 20-day moving average.

In comparison to the overall market performance, PIIC's stock has underperformed the Sensex by -0.23% in the last 1 day and has outperformed it by 13.73% in the last 1 month.

As a midcap finance and NBFC company, PIIC has been making steady progress in the market. However, with the recent decline in its stock price, investors may want to hold off on making any decisions and wait for further developments.