Prestige Estates Projects Stock Sees -3.06% Decline, Rated 'Strong Sell' by MarketsMOJO

Prestige Estates Projects, a leading real estate company in the construction industry, has seen a decline in its stock price by -3.06% on November 13, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Strong Sell'.

The stock has underperformed the sector by -0.86% today and has been on a downward trend for the past 2 days, with a fall of -4.44% in this period. The stock also touched an intraday low of Rs 1535, showing a decline of -3.06%.

Prestige Estates Projects is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend in the stock. The construction - real estate sector as a whole has also seen a decline of -2.21%.

In comparison to the Sensex performance, Prestige Estates Projects has underperformed with a -1.77% return in the past day and a -16.17% return in the past month, while the Sensex has seen a -0.49% and -3.80% return, respectively.

While the company has not provided any specific reasons for the decline in its stock price, investors should keep an eye on the company's financial performance and market trends before making any investment decisions. This is not a recommendation to buy or sell the stock, but rather a fact-based update on the current performance of Prestige Estates Projects in the market.