Piramal Enterprises Stock Sees -3.18% Decline, 'Sell' Call by MarketsMOJO

Piramal Enterprises, a leading finance and non-banking financial company (NBFC) in the largecap industry, has seen a decline in its stock price by -3.18% on October 7th, 2024. This has led to a 'Sell' call by MarketsMOJO, a leading stock market analysis platform.

The stock has underperformed the sector by -1.89% and has been on a consecutive fall for the last 3 days, with a total decline of -9.72% during this period. On the same day, the stock also touched an intraday low of Rs 991 (-4.07%). However, it is worth noting that the stock's moving averages are still higher than the 100 day and 200 day averages, but lower than the 5 day, 20 day, and 50 day averages.

In comparison to the overall performance of the Sensex, Piramal Enterprises has seen a -2.81% decline in just one day, while the Sensex has only seen a -0.14% decline. Similarly, in the past month, Piramal Enterprises has seen a -4.64% decline, while the Sensex has seen a 0.48% increase.

While the reasons for this decline in stock price are not mentioned, investors and experts are advised to carefully monitor the performance of Piramal Enterprises in the coming days. This is a developing story and we will continue to provide updates as more information becomes available.