The Ramco Cements' Stock Sees Dip, But Remains Above Moving Averages and Shows Positive Performance

The Ramco Cements, a leading player in the cement industry, saw a dip in its stock price on November 13, 2024. The company's stock fell by -3.17%, underperforming the sector by -1.81%. This comes after two consecutive days of gains for the stock.

The stock call for The Ramco Cements by MarketsMOJO is 'Hold'. The company's stock touched an intraday low of Rs 883.5, a decrease of -2.94%. However, the stock is still trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the overall market performance, The Ramco Cements' stock has underperformed. On the same day, the Sensex saw a decrease of -0.65%, while the stock's 1 day performance was -3.17%. However, the company's 1 month performance has been positive at 2.63%, while the Sensex has seen a decrease of -3.95%.

The Ramco Cements has been a consistent player in the cement industry, with a large market cap. While the stock may have seen a dip in its performance on November 13, it is still trading above its moving averages and has shown positive performance in the past month. Investors may want to hold onto their shares for now, as suggested by MarketsMOJO.