Railtel Corporation of India Stock Sees -5.73% Decline on June 5th, Underperforms Sector

Railtel Corporation of India, a midcap telecom equipment company, saw a decline of -5.73% in its stock on June 5th, 2024. According to MarketsMOJO, the stock has been given a 'Hold' call.

In terms of performance, Railtel Corporation of India underperformed the sector by -5.34% on the same day. The stock has been on a consecutive fall for the past 2 days, with a total decline of -20.08% during this period.

On June 5th, the stock reached an intraday high of Rs 378.1, showing a 3.75% increase, but also touched an intraday low of Rs 339.9, indicating a -6.74% decrease.

When compared to moving averages, Railtel Corporation of India's stock is currently higher than its 200 day moving average, but lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

In terms of performance against the Sensex, Railtel Corporation of India's stock saw a decline of -5.61% in just one day, while the Sensex saw a positive performance of 0.81%. Over the past month, the stock has also underperformed the Sensex with a decline of -12.80% compared to the Sensex's -1.64% decline.

Overall, Railtel Corporation of India's stock has seen a decline in its performance, but it is still higher than its 200 day moving average. Investors may want to keep an eye on the stock's performance in the coming days.