Texmaco Infrastructure & Holdings Ltd sees -7.04% decline in stock price, 'Sell' call by MarketsMOJO

Texmaco Infrastructure & Holdings Ltd, a smallcap company in the railway industry, has seen a decline in its stock price by -7.04% on October 22, 2024. This has led to a 'Sell' call by MarketsMOJO, indicating a negative outlook for the company's stock.

The stock has underperformed the sector by -1.47% today and has been on a consecutive fall for the last 2 days, with a total decline of -8.69%. It opened with a gap down of -2.29% and touched an intraday low of Rs 104.05 (-6.72%). The stock is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend.

The railway industry as a whole has also seen a decline of -4.17%, further adding to the negative sentiment towards Texmaco Infrastructure & Holdings Ltd. In comparison, the Sensex has seen a decline of -1.11% in the same time period.

Over the past month, the stock has seen a decline of -20.12%, while the Sensex has seen a decline of -5.08%. This further highlights the underperformance of Texmaco Infrastructure & Holdings Ltd in the market.

Investors should take note of the negative performance of Texmaco Infrastructure & Holdings Ltd and consider their options carefully before making any investment decisions. It is important to conduct thorough research and analysis before investing in any stock.