Techno Electric & Engineering Company's Stock Sees Dip, But 'Buy' Call Indicates Positive Outlook

Techno Electric & Engineering Company, a leading player in the capital goods industry, has recently seen a dip in its stock price. On October 21, 2024, the company's stock fell by -5.07%, underperforming the sector by -3.06%. This has led to a 'Buy' call by MarketsMOJO, indicating a positive outlook for the company.

The stock has been on a downward trend for the past two days, with a consecutive fall of -6.82% returns. On the same day, the stock touched an intraday high of Rs 1769.95 (2.14%) and an intraday low of Rs 1642.95 (-5.19%). However, the moving averages for the company are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages, but lower than the 5 day moving averages.

In the capital goods sector, Techno Electric & Engineering Company has fallen by -2.28%. Despite this, the company's 1 day performance is -5.07%, which is better than the Sensex's performance of -0.09%. In the past month, the company's performance has been positive with a 5.52% increase, while the Sensex has seen a decline of -4.01%.

Techno Electric & Engineering Company has been a midcap player in the industry, and its recent stock performance may be a cause for concern for investors. However, with a 'Buy' call from MarketsMOJO and a positive 1 month performance, the company may still hold potential for growth in the future.