Reliance Infrastructure's Stock Sees Decline Amidst Neutral 'Hold' Call by MarketsMOJO

Reliance Infrastructure, a midcap company in the power generation and distribution industry, has seen a decline in its stock price on November 8th, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

On this day, Reliance Infrastructure's stock underperformed the sector by -4.05%, with a consecutive fall for the last two days and a total decline of -9.45%. The stock opened with a loss of -5% and touched an intraday low of Rs 274.55. However, it is worth noting that the stock's moving averages are 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 Sensex performance, Reliance Infrastructure's stock has seen a -4.84% decline in just one day, while the Sensex only saw a -0.07% decline. Over the past month, the company's stock has also underperformed the Sensex, with a -8.39% decline compared to the Sensex's -2.63% decline.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or discuss potential future performance. As a midcap company in the power generation and distribution industry, Reliance Infrastructure's stock performance may be impacted by various factors and investors are advised to do their own research before making any investment decisions.