Symphony Ltd. Stock Shows Positive Trend, Outperforms Sector by 4.67%

Oct 31 2024 10:00 AM IST
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Symphony Ltd., a midcap company in the domestic appliances industry, saw a 5.05% increase in its stock performance on October 31, 2024, outperforming the sector by 4.67%. This follows two days of decline, indicating a potential trend reversal. The stock is currently trading above its 100-day and 200-day moving averages, but below its 5-day, 20-day, and 50-day moving averages. According to MarketsMojo, the stock has been given a 'Hold' call, suggesting investors to hold onto their positions. It has also outperformed the Sensex in the past 1 day and 1 month. However, investors should conduct their own research before investing.

Symphony Ltd., a midcap company in the domestic appliances industry, has seen a positive trend in its stock performance on October 31, 2024. The company's stock has gained 5.05%, outperforming the sector by 4.67%. This comes after two consecutive days of fall, indicating a potential trend reversal.

The stock of Symphony Ltd. reached an intraday high of Rs 1545, showing a 5.08% increase. However, it is currently trading lower than its 5-day, 20-day, and 50-day moving averages, but higher than its 100-day and 200-day moving averages.

According to MarketsMOJO, a leading stock analysis platform, the stock of Symphony Ltd. has been given a 'Hold' call. This suggests that investors should hold onto their current positions in the company's stock.

In comparison to the overall market performance, Symphony Ltd. has outperformed the Sensex by 5.35% in the past 1 day and has also outperformed the Sensex by -5.93% in the past 1 month.

Overall, Symphony Ltd. has shown a positive trend in its stock performance, with a strong gain on October 31, 2024. However, it is important for investors to do their own research and make informed decisions before investing in any stock.
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