Stove Kraft's Stock Faces Downward Trend, MarketsMOJO Calls for 'Hold' Amidst Volatility

Stove Kraft, a leading player in the consumer durables industry, has been facing a downward trend in its stock performance. On October 29, 2024, the company's stock lost -7.42%, underperforming the sector by -6.9%. This has led to a 'Hold' call by MarketsMOJO for the stock. In the last 3 days, Stove Kraft's stock has been on a consecutive fall, with a decline of -12.73% in returns. On the same day, the stock touched an intraday low of Rs 767.5 (-7.53%). However, the stock's moving averages are still higher than the 100 day and 200 day moving averages, but lower than the 5 day, 20 day, and 50 day moving averages. In comparison to the Sensex performance, Stove Kraft's stock has underperformed with a -8.23% return in the last 1 day and a -15.02% return in the last 1 month. This is in contrast to the Sensex's performance of -0.46% and -6.94% in the same time periods, respectively. While the company has not released any official statement regarding the decline in its stock performance, investors are advised to hold their positions for now. Stove Kraft's stock may continue to face volatility in the near future, but the company's strong fundamentals and market presence make it a promising player in the consumer durables industry.