Technocraft Industries (India) Ltd's Stock Sees -5.09% Decline, But Long-Term Performance Remains Positive

Sep 13 2024 01:45 PM IST
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On September 13, 2024, Technocraft Industries (India) Ltd's stock price declined by -5.09%, underperforming the sector average by -6.59%. Despite this, the stock is still performing well in the long term, trading above its 50-day, 100-day, and 200-day moving averages. In the past month, it has outperformed the Sensex, but in the past day, it has underperformed. MarketsMojo has given a 'Hold' call for the stock, indicating a neutral stance.

Technocraft Industries (India) Ltd, a midcap company in the steel/sponge iron/pig iron industry, saw a decline of -5.09% in its stock price on September 13, 2024. This underperformance was reflected in the stock's performance today, as it fell -6.59% below the sector average. The stock opened with a loss of -2.7% and touched an intraday low of Rs 3408, a decrease of -5.26%.

Despite this recent dip, Technocraft Industries (India) Ltd's stock is still performing well in the long term. It is currently trading higher than its 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, it is currently lower than its 5-day and 20-day moving averages.

In comparison to the Sensex, Technocraft Industries (India) Ltd's stock has underperformed in the past day, with a decline of -4.82% compared to the Sensex's -0.05%. However, in the past month, the stock has outperformed the Sensex with a growth of 4.81% compared to the Sensex's 5.02%.

MarketsMOJO has given a 'Hold' call for Technocraft Industries (India) Ltd's stock, indicating a neutral stance. This information is based on the stock's performance and not influenced by any external factors such as investor interest or expert opinions. As a midcap company in the steel/sponge iron/pig iron industry, Technocraft Industries (India) Ltd continues to show potential for growth in the long term.
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