Prestige Estates Projects Stock Sees -3.0% Decline, Mixed Performance in Short Term

Prestige Estates Projects, a largecap real estate company, saw a decline of -3.0% in its stock on August 2nd, according to MarketsMOJO. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

In terms of price, Prestige Estates Projects underperformed the sector by -1.93% on the day. The stock has also been on a downward trend for the past four days, with a total decline of -9.84% during this period. On August 2nd, the stock touched an intraday low of Rs 1697.5, representing a -3.24% decrease.

While Prestige Estates Projects' stock is currently higher than its 100-day and 200-day moving averages, it is lower than its 5-day, 20-day, and 50-day moving averages. This indicates a mixed performance for the company in the short term.

In comparison to the overall market performance, Prestige Estates Projects' stock saw a -3.24% decline on August 2nd, while the Sensex only saw a -1.00% decline. Over the past month, the company's stock has also underperformed the Sensex, with a -7.76% decline compared to the Sensex's 2.02% increase.

Overall, Prestige Estates Projects' stock has seen a recent decline, but its long-term moving averages suggest a positive outlook. Investors may want to keep an eye on the company's performance in the coming days to make informed decisions about their investments.