Schneider Electric Infrastructure Stock Drops -5.78% in Line with Sector Performance on October 7

Schneider Electric Infrastructure, a midcap company in the capital goods industry, saw a decline of -5.78% in its stock on October 7, 2024. This drop was in line with the overall underperformance of the sector, with the stock falling -3.07% below the sector's performance.

The stock opened at Rs 795 and reached an intraday low of Rs 745.25, a decrease of -6.38%. However, it is worth noting that the stock is currently trading higher than its 200-day moving average, indicating a positive long-term trend. On the other hand, it is trading lower than its 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a short-term decline.

In comparison to the Sensex, Schneider Electric Infrastructure's performance on October 7 was -6.17%, while the Sensex's performance was -0.80%. Over the past month, the company's stock has seen a decline of -7.45%, while the Sensex has only seen a slight decrease of -0.18%.

MarketsMOJO has given a 'Hold' call for Schneider Electric Infrastructure's stock, indicating a neutral stance on the company's performance. With a focus on providing reliable and efficient energy solutions, Schneider Electric Infrastructure continues to be a key player in the capital goods industry.