Ram Ratna Wires' Stock Continues Downward Trend, But MarketsMOJO Gives 'Hold' Call

Ram Ratna Wires, a smallcap company in the metal-non ferrous industry, has been facing a downward trend in its stock performance. On October 25th, 2024, the company's stock lost -7.02%, underperforming the sector by 0.96%. This marks the ninth consecutive day of losses for the company, with a total decline of -26.2% during this period.

Despite this, MarketsMOJO has given a 'Hold' call for the stock. The stock opened with a gain of 4.57% today, but touched an intraday low of Rs 535.65 (-6.46%). It also saw high volatility with an intraday range of 8.65%.

In terms of moving averages, the stock is currently higher than its 100-day and 200-day moving averages, but lower than its 5-day, 20-day, and 50-day moving averages. This indicates a mixed trend for the stock.

The metal-non ferrous sector as a whole has also seen a decline of -5.26%. In comparison, Ram Ratna Wires' 1-day performance is -7.02% while the Sensex's performance is -0.97%. In the past month, the company's stock has declined by -15.52%, while the Sensex has seen a decline of -6.91%.

Overall, Ram Ratna Wires' stock performance has been on a downward trend, but with a 'Hold' call from MarketsMOJO, investors may want to keep an eye on the company's future developments.