Techno Electric & Engineering Co. Ltd: A Resilient Player in the Capital Goods Industry

Oct 18 2024 09:35 AM IST
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Techno Electric & Engineering Company Ltd, a leading player in the capital goods industry, saw a dip in its stock price on October 18, 2024. However, MarketsMojo has given a 'Buy' call for the stock. Despite the recent setback, the stock is trading higher than its moving averages and has outperformed the market in the past month, indicating its potential for long-term growth.


Techno Electric & Engineering Company Ltd, a leading player in the capital goods industry, has recently faced a dip in its stock price. On October 18, 2024, the company's stock saw a decline of -3.74%, underperforming the sector by -2.29%. However, despite this recent setback, MarketsMOJO has given a 'Buy' call for the stock.

Looking at the price summary, the stock touched an intraday low of Rs 1676.85 (-5.02%) and is currently trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day moving average.

In comparison to the overall market performance, Techno Electric & Engineering Company Ltd's stock has underperformed the Sensex by -2.68% in the past day and has outperformed it by 8.42% in the past month. This shows the company's resilience and potential for growth in the long run.

Despite the recent dip in stock price, Techno Electric & Engineering Company Ltd remains a strong player in the capital goods industry. With its consistent performance and positive outlook, it is a promising investment option for those looking to diversify their portfolio. So, if you're considering investing in the capital goods sector, Techno Electric & Engineering Company Ltd is definitely a stock to keep an eye on.
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