PNC Infratech's Stock Faces Dip, But Shows Long-Term Potential Amidst Market Decline

PNC Infratech ., a midcap engineering company, has recently faced a dip in its stock performance. On March 13, 2024, the company's stock fell by -5.51%, underperforming the sector by -2.85%. This has been a consecutive fall for the company, with a -15.83% decline in the last 5 days.

Despite this recent dip, PNC Infratech's stock is still performing well in the long term. It is currently trading higher than its 100-day and 200-day moving averages, indicating a positive trend. However, it is currently lower than its 5-day, 20-day, and 50-day moving averages.

The engineering sector as a whole has also faced a decline of -2.48%, further highlighting the current market conditions. However, experts at MarketsMOJO have given a 'Buy' call for PNC Infratech's stock, indicating potential for growth in the future.

In comparison to the overall market performance, PNC Infratech's stock has underperformed with a -5.51% decline, while the Sensex has only seen a -0.66% decline. However, in the past month, the company's stock has only seen a -2.80% decline, while the Sensex has seen a 2.28% increase.

Overall, PNC Infratech . remains a strong midcap company in the engineering industry, with potential for growth in the future. Investors may want to keep an eye on the company's stock performance and consider the 'Buy' call by MarketsMOJO.