Smallcap company Fedders Holding sees decline in stock price, advised to hold positions

Fedders Holding, a smallcap company in the finance/NBFC industry, has recently seen a decline in its stock price. On September 24, 2024, the company's stock lost -7.53% of its value. This decline has been reflected in the stock call given by MarketsMOJO, which is currently 'Hold'.

In terms of performance, Fedders Holding has underperformed the sector by -3.24% on the same day. The stock has also been on a consecutive fall for the last 2 days, with a total decline of -9.05% during this period. On the day of the decline, the stock touched an intraday low of Rs 107, which is a decrease of -5.77%.

Despite the recent decline, Fedders Holding's moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages. However, it is lower than the 5 day moving average.

In comparison to the overall market performance, Fedders Holding's stock has underperformed. On the day of the decline, the company's stock had a performance of -5.77%, while the Sensex had a performance of -0.03%. In the past month, Fedders Holding's stock has also underperformed the Sensex, with a performance of 20.36% compared to the Sensex's 4.70%.

Investors and experts are advised to hold their positions on Fedders Holding's stock for now, as the company's performance and market trends continue to be monitored. This information is based on facts and figures, and no future potential or recommendations are being made.