SPIC Stock Declines and Receives 'Sell' Call from MarketsMOJO

Southern Petrochemical Industries Corporation (SPIC) has experienced a decline in its stock price on March 13, 2024. The company, which operates in the fertilizer industry and is classified as a smallcap, saw a decrease of -7.1% in its stock value.

According to MarketsMOJO, a leading financial analysis platform, the stock of SPIC has been given a 'Sell' call. On the same day, the stock underperformed the sector by -2.39%. This is in line with the overall trend of the stock, as it has been on a downward trajectory for the past three days, with a total decline of -15.26%.

The stock also experienced high volatility on March 13, with an intraday volatility of 5.36%. This is calculated from the weighted average price of the stock. Additionally, SPIC is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In terms of sector performance, the fertilizer industry has also seen a decline of -4.46%. This further supports the negative trend of SPIC's stock.

Comparing the performance of SPIC to the overall market, the stock has underperformed the Sensex by -7.05% in the past day and -19.55% in the past month. This is in contrast to the Sensex, which has seen a decline of only -1.03% in the past day and a positive growth of 1.89% in the past month.

Overall, the recent performance of Southern Petrochemical Industries Corporation's stock has been negative, with a decline in value and underperformance in both the sector and the overall market. Investors may want to closely monitor the stock's performance in the coming days to make informed decisions.