Raymond Ltd's Stock Sees Consecutive Decline, Underperforming Sector by -2.12%

Aug 05 2024 09:35 AM IST
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Raymond Ltd, a midcap textile company, experienced a -6.42% decline in its stock price today, underperforming the sector by -2.12%. The stock has been on a consecutive fall for the last two days, with a total decline of -5.7%. It is currently trading below its moving averages and has seen a significant decline of -40.32% in the last 1 month. MarketsMojo has given a 'Hold' call for the stock.

Raymond Ltd, a midcap textile company, saw a decline in its stock price today as it opened with a loss of -6.42%. The stock has been underperforming the sector by -2.12% and has been on a consecutive fall for the last two days, with a total decline of -5.7% in this period. This is reflected in the stock's intraday low of Rs 1851.05, which is -6.42% lower than its previous close.

The stock is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend. In comparison, the textile sector has also seen a decline of -2.78%.

In terms of overall performance, Raymond Ltd has seen a -2.64% decline in the last 1 day, while the Sensex has only seen a -1.81% decline. In the last 1 month, the stock has seen a significant decline of -40.32%, while the Sensex has only seen a -0.60% decline.

Based on these factors, MarketsMOJO has given a 'Hold' call for Raymond Ltd's stock. Investors are advised to closely monitor the stock's performance and make informed decisions.
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