Star Cement Ltd. experiences stock decline, maintains strong position with higher moving averages

Star Cement Ltd., a midcap cement company, has recently seen a decline in its stock price. On May 23, 2024, the company's stock lost -5.69% of its value. According to MarketsMOJO, a leading stock analysis platform, the current recommendation for Star Cement Ltd. is 'Hold'.

In terms of performance, the stock has underperformed the sector by -5.27% on the same day. It has also been on a consecutive fall for the past two days, with a total decline of -8.73% during this period. The stock's intraday high was Rs 242.2, a 2.54% increase, while its intraday low was Rs 222.35, a -5.86% decrease.

Despite the recent decline, Star Cement Ltd.'s moving averages are still higher than its 50-day, 100-day, and 200-day moving averages. However, it is currently lower than its 5-day and 20-day moving averages.

In comparison to the overall market performance, Star Cement Ltd. has seen a -5.78% decline in the past day, while the Sensex has seen a 0.73% increase. Over the past month, the company's stock has also underperformed the Sensex with a -1.57% decline compared to the Sensex's 1.39% increase.

Overall, Star Cement Ltd. has seen a recent decline in its stock price, but it still maintains a strong position in the market with its higher moving averages. Investors should keep an eye on the company's performance in the coming days to make informed decisions.