Prestige Estates Projects' Stock Sees -3.57% Decline, MarketsMOJO Advises 'Hold' Rating

Oct 17 2024 09:45 AM IST
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On October 17, 2024, Prestige Estates Projects, a largecap company in construction and real estate, saw a -3.57% decline in stock price. This was noted by MarketsMojo, who have given a 'Hold' call for the stock. The stock has been on a downward trend for the past two days, with a -5.14% fall. Despite this, the stock's moving averages are still higher than the 50-day, 100-day, and 200-day averages. In comparison to the Sensex, Prestige Estates Projects' performance was -3.48% on the day of the decline, while the Sensex only saw a -0.28% decrease. Over the past month, the stock has seen a -6.00% decline, while the Sensex has only decreased by -2.18%. Investors are advised to hold onto their shares for now, as per MarketsMojo's recommendation.

Prestige Estates Projects, a largecap company in the construction and real estate industry, saw a decline of -3.57% in its stock price on October 17, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock has been on a downward trend for the past two days, with a fall of -5.14% during this period. On the day of the decline, the stock touched an intraday low of Rs 1798.7, a decrease of -3.71%. However, the stock's moving averages are still higher than the 50-day, 100-day, and 200-day averages, but lower than the 5-day and 20-day averages.

In comparison to the Sensex, Prestige Estates Projects' performance on the day of the decline was -3.48%, while the Sensex only saw a -0.28% decrease. Over the past month, the stock has seen a decline of -6.00%, while the Sensex has only decreased by -2.18%.

Despite the recent decline in stock price, Prestige Estates Projects remains a largecap company in the construction and real estate industry. Investors are advised to hold onto their shares for now, as per MarketsMOJO's recommendation.
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