Tata Steel's Stock Performance Declines, MarketsMOJO Calls for 'Hold' on August 14, 2024.

Tata Steel, one of the leading players in the iron and steel industry, has been facing a downward trend in its stock performance. On August 14, 2024, the company's stock lost -3.59%, underperforming the sector by -1.95%. This has led to a 'Hold' call by MarketsMOJO for the stock.

In the past two days, Tata Steel's stock has been on a consecutive fall, with a -4.24% decrease in returns. On the same day, the stock touched an intraday low of Rs 145.7, showing a decline of -2.15%. The company's stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex performance, Tata Steel's 1-day performance is -3.79%, while the Sensex has shown a positive performance of 0.08%. Similarly, in the past month, Tata Steel's stock has declined by -15.09%, while the Sensex has shown a decrease of -1.87%.

While the reasons for this decline in stock performance are not mentioned, investors should keep a close eye on the company's financials and market trends. With Tata Steel being a largecap company, it is important to monitor its performance and make informed decisions.