Prism Johnson's Stock Sees -5.32% Decline Amidst Underperformance in Cement Sector

Oct 07 2024 10:46 AM IST
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Prism Johnson, a midcap cement company, experienced a -5.32% decline in its stock on October 7th, 2024, in line with the underperformance of the cement sector. Despite this, the stock is still performing well in the long term and is currently trading above its 50-day, 100-day, and 200-day moving averages. However, it has underperformed in comparison to the Sensex in the past day and month. MarketsMojo has given a 'Sell' call for the stock, but investors should conduct their own research before making any decisions.

Prism Johnson ., a midcap cement company, saw a decline of -5.32% in its stock on October 7th, 2024. This drop was in line with the overall underperformance of the cement sector, with the company falling -3.94% below the sector's performance. The stock hit an intraday low of Rs 193.1, a decrease of -4.52% from the previous day's closing price.

Despite this recent decline, Prism Johnson's stock is still performing well in the long term. It is currently trading higher than its 50-day, 100-day, and 200-day moving averages. However, it is currently lower than its 5-day and 20-day moving averages.

In comparison to the Sensex, Prism Johnson's stock has underperformed in the past day and month, with a -5.24% and 6.35% decrease respectively. This is in contrast to the Sensex's performance of 0.01% and 0.64% in the same time periods.

While there has been no mention of investor interest or expert opinions, the stock has been given a 'Sell' call by MarketsMOJO. With a neutral and informative tone, it is important to note that this article is based solely on the provided information and does not include any external data or sources. Investors are advised to conduct their own research and make informed decisions.
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