SRF Ltd. Stock Declines by -3.13% on July 2nd, 2024, But Long-Term Performance Remains Strong

SRF Ltd., a largecap diversified company, saw a decline of -3.13% in its stock price on July 2nd, 2024. This underperformance was reflected in the stock's movement as it touched an intraday low of Rs 2385.75, a decrease of -3% from the previous day's closing price.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current stock call for SRF Ltd. is 'Hold'. This recommendation is based on the company's recent performance and market trends.

In terms of price movement, SRF Ltd.'s stock has been performing well in the long term, with its moving averages higher than the 20-day and 200-day averages. However, in the short term, the stock has been underperforming, with its moving averages lower than the 5-day, 50-day, and 100-day averages.

On the day of the decline, SRF Ltd.'s stock performance was -2.76%, while the Sensex, India's benchmark index, had a positive performance of 0.09%. In the past month, SRF Ltd.'s stock has outperformed the Sensex, with a performance of 8.37% compared to the Sensex's 7.56%.

As a diversified company, SRF Ltd. operates in various industries and has a large market capitalization. While the recent decline in stock price may be a cause for concern, it is important to note that the company's long-term performance has been strong. Investors should keep an eye on the stock's movement and consult with their financial advisors before making any investment decisions.