Reliance Infrastructure Ltd's Stock Sees Decline, MarketsMOJO Gives 'Hold' Call

Reliance Infrastructure Ltd, a midcap company in the power generation and distribution industry, saw a decline in its stock price today. The stock opened with a loss of -5.0% and underperformed the sector by -3.83%. This marks the second consecutive day of losses for the company, with a total decline of -9.64% in the past two days.

The stock also opened with a gap down of -5%, touching an intraday low of Rs 274.55. However, despite these recent losses, Reliance Infrastructure Ltd's moving averages are still higher than the 50 day, 100 day, and 200 day moving averages. It is worth noting that the stock is currently lower than the 5 day and 20 day moving averages.

In comparison to the Sensex performance, Reliance Infrastructure Ltd's 1 day and 1 month performance are -5.00% and -8.54% respectively, while the Sensex has only seen a decline of -0.25% and -2.80% in the same time periods.

Based on these factors, MarketsMOJO has given a 'Hold' call for Reliance Infrastructure Ltd's stock. As a midcap company in the power generation and distribution industry, it is important to keep an eye on the company's performance and market trends before making any investment decisions.