SJVN Ltd. Stock Sees Decline Amidst Underperformance in Power Industry

SJVN Ltd., a largecap company in the power generation and distribution industry, has recently seen a decline in its stock price. On October 22, 2024, the company's stock lost -3.52%, underperforming the sector by -2.77%. This has led to a 'Sell' call by MarketsMOJO. The stock has been on a downward trend for the past two days, with a consecutive fall of -5.03% during this period. On the same day, SJVN's stock touched an intraday low of Rs 115.6, a decrease of -3.18%. The company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In comparison to the overall market performance, SJVN's stock has underperformed. On the day of the decline, the company's stock saw a -3.56% decrease, while the Sensex only saw a -0.47% decrease. Over the past month, SJVN's stock has seen a -11.63% decrease, while the Sensex has only seen a -4.47% decrease. While the reasons for SJVN's recent decline in stock price are not mentioned, investors should keep an eye on the company's performance and future developments in the power generation and distribution industry. As always, it is important to do thorough research and consult with a financial advisor before making any investment decisions.