Solar Industries India's Stock Sees Short-Term Dip, But Experts Give 'Buy' Call

Solar Industries India, a leading player in the chemicals industry, has recently seen a dip in its stock price. On November 18, 2024, the company's stock lost 3.22%, closing at Rs. 9,700. However, despite this short-term setback, experts at MarketsMOJO have given a 'Buy' call for the stock.

In terms of performance, Solar Industries India underperformed the sector by 1.79% on the same day. The stock reached an intraday high of Rs. 10,239.8, showing a 2.48% increase, but also touched an intraday low of Rs. 9,700, indicating a 2.92% decrease.

While the stock's performance may have been affected in the short-term, it is worth noting that Solar Industries India's moving averages are still higher than its 200-day moving average. However, it is currently lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the Sensex, Solar Industries India's 1-day performance was -3.13%, while the Sensex's performance was -0.31%. Similarly, the company's 1-month performance was -15.05%, while the Sensex's performance was -4.78%.

Despite the recent dip in stock price, Solar Industries India remains a strong player in the chemicals industry. With a 'Buy' call from MarketsMOJO and positive long-term moving averages, the company continues to show potential for growth and success in the future.