Power Mech Projects Stock Sees -5.0% Decline, Given 'Sell' Call by MarketsMOJO

Power Mech Projects, a midcap engineering company, has seen a decline in its stock price by -5.0% on November 13, 2024. According to MarketsMOJO, the stock has been given a 'Sell' call. The stock has underperformed the sector by -3.04% and has been on a downward trend for the past 5 days, with a fall of -13.56% during this period. On the same day, the stock touched an intraday low of Rs 2552.55, a decrease of -4.64%.

Power Mech Projects is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In comparison to the Sensex performance, the stock has shown a decline of -4.83% in the past day and -18.72% in the past month, while the Sensex has only fallen by -0.85% and -4.15%, respectively.

This decline in stock price could be attributed to various factors such as market conditions, company performance, and investor sentiment. However, it is important to note that this is not a recommendation to buy or sell the stock, as it is based on factual data and not expert opinions. Investors are advised to do their own research and make informed decisions.