Tube Investments of India sees -5.02% decline in stock price, MarketsMOJO calls for 'Hold'.

Nov 11 2024 10:05 AM IST
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Tube Investments of India, a leading engineering company, saw a -5.02% decline in stock price on November 11, 2024. MarketsMojo has given a 'Hold' call due to underperformance in the sector and a downward trend for the past 7 days. The stock is currently trading below all major moving averages. Despite recent declines, the company remains a strong player in the industry.

Tube Investments of India, a leading engineering company in the largecap sector, has seen a decline in its stock price by -5.02% on November 11, 2024. This has led to a 'Hold' call by MarketsMOJO, a leading stock market analysis platform.

The stock has underperformed the sector by -3.89% and has been on a downward trend for the past 7 days, with a fall of -17.26% in this period. On the same day, the stock touched an intraday low of Rs 3687.1, a decrease of -5.42%.

Tube Investments is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend in the stock.

In comparison to the Sensex, Tube Investments' 1 day performance is -4.40% while the Sensex has only seen a -0.01% change. Similarly, in the past month, the stock has seen a decline of -11.49% while the Sensex has only decreased by -2.34%.

Despite these recent declines, Tube Investments remains a strong player in the engineering industry, with a largecap size. Investors are advised to hold onto their stocks and monitor the company's performance in the coming days.
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