Reliance Infrastructure Stock Sees -5% Decline, 'Hold' Recommendation from MarketsMOJO

Reliance Infrastructure, a midcap company in the power generation and distribution industry, saw a decline of -5.0% in its stock on November 13, 2024. This drop was in line with the overall underperformance of the sector, with the stock falling -3.12% below the sector's performance.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current stock call for Reliance Infrastructure is 'Hold'. This suggests that investors should hold onto their current positions in the company's stock.

On the day of the decline, Reliance Infrastructure's stock touched an intraday low of Rs 250.1, representing a -5% decrease from its previous closing price. However, the stock is still performing well in the long term, with its moving averages higher than the 100-day and 200-day averages.

In comparison to the overall market performance, Reliance Infrastructure's stock saw a -5.00% decline, while the Sensex only saw a -0.77% decrease. Over the past month, the company's stock has also underperformed the Sensex, with a -12.23% decrease compared to the Sensex's -4.07% decline.

Overall, Reliance Infrastructure's recent stock performance has been lackluster, with a decline on November 13 and underperformance in the past month. However, the company's long-term moving averages suggest that it may still be a good investment for the future. Investors should keep an eye on the stock and consider the 'Hold' recommendation from MarketsMOJO before making any decisions.