Torrent Power's Stock Drops -4.42% Amidst Decline in Power Sector
On March 13, 2024, Torrent Power, a largecap company in the power industry, saw a -4.42% decline in stock price, reflected in the 'Hold' call by MarketsMojo. Despite this, the stock is still trading higher than its moving averages and the power sector as a whole. Investors should monitor the company's performance in the future.
Torrent Power ., a largecap company in the power industry, saw a decline of -4.42% on March 13, 2024. This drop in stock price has been reflected in the 'Hold' call given by MarketsMOJO.
The stock underperformed the sector by -2% and experienced a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 1150, a decrease of -4.02%. However, Torrent Power is still trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.
The power sector as a whole has also seen a decline of -3.01%. In comparison, Torrent Power's 1 day performance was -4.42% while the Sensex's performance was only -0.08%. Over the past month, Torrent Power has seen a 2.33% increase while the Sensex has seen a 2.87% increase.
Despite the recent decline in stock price, Torrent Power remains a strong player in the power industry with its largecap status. Investors should keep an eye on the company's performance in the coming days to make informed decisions. This news article is based on factual information and does not include any external data or sources.
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