Triveni Engineering and Industries Ltd sees -6.31% decline in stock price, labeled 'Hold' by MarketsMOJO

Triveni Engineering and Industries, a midcap company in the sugar industry, has seen a decline of -6.31% in its stock price on October 7th, 2024. This drop has been reflected in the stock call given by MarketsMOJO, which has labeled the stock as 'Hold'.

The stock has underperformed the sector by -4.81% and has been on a consecutive fall for the last 3 days, with a total decline of -8.73% during this period. On the day of October 7th, the stock reached an intraday low of Rs 435.5, showing a decrease of -6%.

While the stock's moving averages are higher than the 100 day and 200 day averages, they are lower than the 5 day, 20 day, and 50 day averages. This indicates a mixed trend for the stock in the short term.

In comparison to the Sensex, Triveni Engineering and Industries Ltd has performed poorly, with a -6.17% return in the last 1 day and a -5.99% return in the last 1 month, while the Sensex has shown a positive return of 0.17% and 0.79%, respectively.

Overall, Triveni Engineering and Industries Ltd has experienced a decline in its stock price and has been given a 'Hold' rating by MarketsMOJO. Investors should carefully consider the stock's performance and moving averages before making any investment decisions.