Uflex Stock Drops -7.92% Amidst Sector Underperformance on October 17

Uflex, a smallcap company in the packaging industry, saw a decline of -7.92% in its stock price on October 17, 2024. This drop was in line with the overall underperformance of the sector, with the stock falling -5.26% below the sector's performance.

The stock has been on a downward trend for the past two days, with a consecutive fall of -6.96% during this period. On the day of October 17, the stock touched an intraday low of Rs 650, representing a -7.28% decrease from its previous closing price.

The stock has also shown high volatility, with an intraday volatility of 5.32%. This is calculated from the weighted average price, indicating that the stock has been fluctuating significantly throughout the day.

In terms of moving averages, Uflex's stock is currently higher than its 100-day and 200-day moving averages. However, it is lower than its 5-day, 20-day, and 50-day moving averages. This suggests that the stock may have potential for a rebound in the near future.

On October 17, Uflex's stock performance was -7.92%, while the Sensex's performance was -0.59%. In the past month, Uflex's stock has seen a decline of -13.71%, compared to the Sensex's -2.48% performance.

Overall, Uflex's stock is currently rated as 'Hold' by MarketsMOJO. As a smallcap company in the packaging industry, Uflex's stock may be subject to fluctuations and volatility. Investors are advised to do their own research and make informed decisions before investing in the stock.