Tega Industries' Stock Sees -5.93% Decline, Rated 'Hold' by MarketsMOJO

Tega Industries, a midcap company in the capital goods industry, has seen a decline of -5.93% in its stock price on November 14, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock's performance today has underperformed the sector by -5.4%, indicating a downward trend. This is further supported by the fact that the stock has been on a consecutive fall for the last 4 days, with a total decline of -10.91% during this period. The stock's intraday high was Rs 2179.05, showing a 5.32% increase, while the intraday low was Rs 1940, reflecting a -6.23% decrease.

Despite the recent decline, Tega Industries' moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages. However, it is lower than the 5 day moving average, indicating a short-term downward trend.

In comparison to the Sensex, Tega Industries' 1 day performance is -4.86%, while the Sensex has only seen a -0.10% decline. Over the past month, Tega Industries has outperformed the Sensex with a 4.95% increase, while the Sensex has seen a decline of -5.32%.

Overall, Tega Industries' stock has seen a recent decline, but its long-term moving averages and 1 month performance show a positive trend. Investors may want to hold onto their stock for now and monitor its performance in the coming days.