Sarda Energy & Minerals Ltd sees -5.36% decline, given 'Hold' call by MarketsMOJO

Oct 30 2024 10:35 AM IST
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On October 30, 2024, Sarda Energy & Minerals Ltd, a midcap steel company, saw a -5.36% decline and was given a 'Hold' call by MarketsMojo. The stock underperformed the sector by -5.69% and had a trend reversal after three days of gains. Despite this, its moving averages are still higher than the 50-day, 100-day, and 200-day averages. Its 1-day performance was -7.34%, while the Sensex's was -0.36%. Over the past month, the company's performance was 1.42%, while the Sensex saw a decline of -5.00%.

Sarda Energy & Minerals Ltd, a midcap company in the steel industry, saw a decline of -5.36% on October 30, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

In terms of price, Sarda Energy & Minerals Ltd underperformed the sector by -5.69% on the same day. The stock also saw a trend reversal, falling after three consecutive days of gains. It touched an intraday low of Rs 460.8, a decrease of -4.98%.

Despite this recent decline, the stock's moving averages are still higher than the 50-day, 100-day, and 200-day moving averages. However, it is currently lower than the 5-day and 20-day moving averages.

In comparison to the overall market performance, Sarda Energy & Minerals Ltd's 1-day performance was -7.34%, while the Sensex's performance was -0.36%. Over the past month, the company's performance has been 1.42%, while the Sensex has seen a decline of -5.00%.

Overall, Sarda Energy & Minerals Ltd's recent performance has been mixed, with a decline on October 30 but a positive trend over the past month. Investors may want to keep an eye on the stock's moving averages and sector performance before making any decisions.
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