Swelect Energy Systems' Stock Sees -7.15% Decline, MarketsMOJO Gives 'Sell' Call

Swelect Energy Systems, a smallcap company in the electronics-components industry, saw a decline of -7.15% in its stock price on March 6, 2024. This underperformance was noted by MarketsMOJO, who has given a 'Sell' call for the stock.

The stock has been on a downward trend for the past three days, with a total loss of -15.69% during this period. On March 6, the stock touched an intraday low of Rs 1036.95, showing a decline of -7.56%. The stock has also been highly volatile, with an intraday volatility of 5.43% calculated from the weighted average price.

Despite the recent decline, Swelect Energy Systems' stock price is still higher than its 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day and 20-day moving averages.

In comparison to the overall market performance, Swelect Energy Systems' stock has underperformed, with a -7.15% decline compared to the Sensex's -0.28% decline on the same day. However, over the past month, the stock has outperformed the Sensex with a 19.50% increase compared to the Sensex's 1.78% increase.

Investors should keep an eye on Swelect Energy Systems' stock performance in the coming days to see if it continues to underperform or if it bounces back from its recent decline.