Suratwwala Business Group's Stock Sees -7.11% Decline, But Outperforms Sector in Past Month

Suratwwala Business Group, a smallcap company in the construction and real estate industry, saw a decline of -7.11% in its stock on October 22, 2024. The stock call for the company by MarketsMOJO is 'Hold'.

Despite hitting a new 52-week high of Rs.143.05, the stock underperformed the sector by -3.37% on the same day. It had a volatile trading day, with an intraday high of Rs.143.05 and an intraday low of Rs.128, showing a high volatility of 5.32% calculated from the weighted average price.

The stock's moving averages are higher than the 20-day, 50-day, 100-day, and 200-day moving averages, but lower than the 5-day moving average. In the construction - real estate sector, Suratwwala Business Group's stock has fallen by -3.84%.

In comparison to the Sensex performance of -1.15%, Suratwwala Business Group's stock performance for the day was -7.11%. However, in the past month, the company's stock has outperformed the Sensex with a 19.67% increase, while the Sensex has seen a decline of -5.11%.

Investors and experts are advised to hold their positions on Suratwwala Business Group's stock, as per MarketsMOJO's recommendation. With this recent decline, the company's stock may present a buying opportunity for those looking to invest in the construction - real estate sector.