Salzer Electronics gains 8.41% on November 11, recommended as 'Hold' by MarketsMOJO

Salzer Electronics, a smallcap company in the capital goods industry, saw a gain of 8.41% on November 11, 2024. The stock has been recommended as a 'Hold' by MarketsMOJO.

In terms of price performance, Salzer Electronics underperformed the sector by -2.47% on the day. The stock has also been on a downward trend for the past three days, with a fall of -8.91% during this period. On November 11, the stock touched an intraday low of Rs 969.7, a decrease of -5.03%.

However, Salzer Electronics' moving averages show a positive trend, with the stock's price being higher than the 100-day and 200-day moving averages. It is, however, lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the Sensex, Salzer Electronics has outperformed with a 1-day performance of 7.13% versus the Sensex's 0.10%. However, over the past month, the stock has underperformed the Sensex with a return of -1.84% compared to the Sensex's -2.23%.

Overall, Salzer Electronics has shown a positive performance in the recent past, but investors should keep an eye on its downward trend in the short term. MarketsMOJO's recommendation to 'Hold' the stock suggests a neutral stance for now.