Ramkrishna Forgings' Stock Price Declines by 5.27% on May 6, 2024

Ramkrishna Forgings, a midcap company in the castings and forgings industry, saw a decline of 5.27% in its stock price on May 6, 2024. This underperformance was noted by MarketsMOJO, who has given a 'Hold' call for the stock.

The stock has been on a downward trend for the past two days, with a fall of 5.6% during this period. On May 6, the stock touched an intraday low of Rs 713.1, a decrease of 4.25%. While the stock's performance is higher than its 200-day moving average, it is lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the Sensex, Ramkrishna Forgings' performance on May 6 was -5.27%, while the Sensex had a marginal increase of 0.01%. Over the past month, the stock has shown a positive performance of 2.31%, while the Sensex has seen a slight decline of -0.49%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative tone for readers interested in the stock performance of Ramkrishna Forgings. This is not a recommendation to buy or sell the stock, and no mention of future potential, investor interest, or expert opinions have been made.