TD Power Systems sees -5.04% decline, but remains strong in capital goods industry

TD Power Systems, a midcap company in the capital goods industry, saw a decline of -5.04% on July 15, 2024. This drop in stock price has been attributed to underperformance in the sector, with the stock falling -4.89% below the sector average. The stock had previously seen two consecutive days of gains before this decline.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for TD Power Systems is 'Hold'. This is based on the stock's performance today and its trend reversal after two days of gains.

On July 15, the stock touched an intraday low of Rs 388.15, which is a -5.06% decrease from its previous closing price. However, the stock's moving averages are still higher than its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the long term.

In comparison to the overall market performance, TD Power Systems saw a -5.04% decline, while the Sensex saw a 0.21% increase on the same day. Over the past month, the stock has outperformed the Sensex with a 6.04% increase, compared to the Sensex's 4.80% increase.

Despite the recent decline, TD Power Systems remains a strong midcap player in the capital goods industry. Investors are advised to hold onto their stocks and monitor the company's performance in the coming days.