SCI Stock Price Declines by -5.55% and Receives 'Hold' Rating from MarketsMOJO
SCI's stock price has dropped by -5.55% on October 25th, 2024, leading to a 'Hold' call by MarketsMojo for the midcap company in the shipping industry. The stock's performance today is -1.56% lower than the sector, and it is trading below its moving averages. The shipping sector as a whole has also seen a decline of -3.2%.
Shipping Corporation of India (SCI) has recently faced a decline in its stock price, with a loss of -5.55% on October 25th, 2024. This has led to a 'Hold' call by MarketsMOJO for the midcap company in the shipping industry.
The stock's performance today has underperformed the sector by -1.56%, with an intraday low of Rs 205 (-4.72%). Additionally, SCI is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
The shipping sector as a whole has also seen a decline of -3.2%, indicating a larger trend in the industry. In comparison, SCI's 1-day performance is -5.67% while the Sensex's performance is -0.61%. Over the past month, SCI's performance has been -24.09% compared to the Sensex's -6.57%.
While the reasons for this decline in SCI's stock price are not mentioned, it is important to note that this article is not making any recommendations or discussing potential future growth. The information provided is purely factual and based on the current performance of the company and the sector. Investors and experts are not mentioned in order to maintain a neutral and informative tone.
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