UltraTech Cement Stock Sees -3.13% Decline, Still Outperforms Moving Averages

UltraTech Cement, a leading player in the cement industry, saw a decline of -3.13% in its stock price on November 26, 2024. This was in line with the overall performance of the sector, as the company underperformed by -1.46%. The stock had been on an upward trend for the past four days, but saw a reversal today.

The stock touched an intraday low of Rs 11137.1, a decrease of -2.98% from the previous day's closing price. However, despite this decline, UltraTech Cement's stock is still performing well in comparison to its moving averages. It is currently higher than the 5 day, 20 day, and 200 day moving averages, but lower than the 50 day and 100 day moving averages.

In terms of overall performance, UltraTech Cement's stock has seen a decline of -3.01% in the past day, while the Sensex has only seen a decrease of -0.23%. However, over the past month, the company's stock has outperformed the Sensex, with a growth of 1.12% compared to the Sensex's 0.66% growth.

MarketsMOJO has given a 'Hold' call for UltraTech Cement's stock, indicating a neutral stance. This is based on the company's current performance and market conditions, without any influence from investor interest or expert opinions. With a largecap size, UltraTech Cement continues to be a strong player in the cement industry.