Redtape's Stock Sees Decline, Underperforms Sector and Market

Redtape, a midcap company in the consumer durables industry, has recently seen a decline in its stock price. On November 14, 2024, the company's stock lost -5.07%, underperforming the sector by -4.73%. This has led to a 'Hold' call by MarketsMOJO.

The stock has been on a downward trend for the past 5 days, with a consecutive fall of -12.28% in that period. Today, the stock opened with a loss of -3.11% and touched an intraday low of Rs 832.45 (-5.13%). However, the moving averages for Redtape are still higher than the 50 day, 100 day, and 200 day averages, but lower than the 5 day and 20 day averages.

In comparison to the overall market performance, Redtape's stock has underperformed. On a 1 day basis, the company's stock performance was -5.41%, while the Sensex's performance was only -0.10%. Similarly, on a 1 month basis, Redtape's stock performance was -6.98%, while the Sensex's performance was -5.32%.

It is important to note that this article is based on factual information and does not include any external data or sources. As a neutral and informative piece, it does not mention any future potential, investor interest, or expert opinions. The purpose of this article is to provide a fact-based summary of Redtape's recent stock performance.