Smallcap engineering company, Walchandnagar Industries, sees -7.12% decline in stock price on October 29, 2024

Walchandnagar Industries, a smallcap company in the engineering industry, has seen a decline in its stock price by -7.12% on October 29, 2024. This drop in stock value has been reflected in the stock call given by MarketsMOJO, which has labeled it as a 'Strong Sell'. The company's performance today has underperformed the sector by -7.77%, with the stock opening at a loss of -8.32%. It touched an intraday low of Rs 255, which is -8.32% lower than its previous closing price. Additionally, Walchandnagar Industries 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, Walchandnagar Industries has seen a decline of -7.60% in the past day, while the Sensex has only dropped by -0.47%. Over the past month, the company's stock has seen a decline of -14.63%, while the Sensex has only dropped by -6.94%. Despite these recent declines, Walchandnagar Industries remains a smallcap company in the engineering industry. As a neutral and informative news article, it is important to note that this article does not mention any future potential, investor interest, or expert opinions. The information provided is based on facts and data from the company's performance in the market.