TARC Stock Faces Downward Trend, Given 'Strong Sell' Rating by MarketsMOJO

TARC, a midcap construction and real estate company, has been facing a downward trend in its stock performance. On October 22, 2024, the company's stock lost -5.13%, according to data from MarketsMOJO. The stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a negative outlook for investors.

In terms of price performance, TARC has underperformed the sector by -0.62% on the day. The stock has also been on a consecutive fall for the past 7 days, with a total decline of -10.38% during this period. On the same day, the stock touched an intraday low of Rs 235 (-4.68%).

While TARC's moving averages are higher than its 100-day and 200-day averages, they are lower than its 5-day, 20-day, and 50-day averages. This suggests a mixed trend in the company's stock performance.

In the construction and real estate sector, TARC's stock has fallen by -3.77%. This could be attributed to the overall negative sentiment in the sector.

Comparing TARC's performance to the broader market, the stock has underperformed the Sensex by -4.38% in the past day and -0.49% in the past month. This indicates a weaker performance compared to the overall market trend.

It is important to note that this article is based on factual data and does not include any external sources or opinions. As a midcap company in the construction and real estate industry, TARC's stock performance may continue to be closely monitored by investors in the coming days.