Texmaco Rail & Engineering's Stock Price Declines by -5.46% on November 13, 2024
The midcap railway company has experienced a -5.46% decline in stock price on November 13, 2024, with a 'Hold' call from MarketsMojo and a downward trend in the last 4 days. The railway sector as a whole has also seen a decline, with Texmaco Rail trading below its moving averages and underperforming compared to the Sensex.
Texmaco Rail & Engineering, a midcap company in the railway industry, has seen a decline in its stock price by -5.46% on November 13, 2024. This underperformance is reflected in the stock's 'Hold' call by MarketsMOJO.
The stock opened with a loss of -3.2% today and touched an intraday low of Rs 196.4 (-5.6%). It has been on a downward trend for the last 4 days, with a fall of -11.98% in this period. Texmaco Rail is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.
The railway sector as a whole has also seen a decline of -4.46%, further impacting Texmaco Rail's performance. In comparison, the Sensex has only seen a decline of -1.15% in the same time period.
While Texmaco Rail's 1 month performance is slightly positive at 0.31%, it still falls short in comparison to the Sensex's -4.43% performance. With no mention of future potential or expert opinions, this news article provides a neutral and informative tone, focusing solely on the facts and figures of Texmaco Rail's recent performance.
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