Union Bank of India's Stock Declines by -3.11% on October 7th, Labeled as 'Sell' by MarketsMOJO

Union Bank of India, one of the largest public banks in India, has seen a decline in its stock price by -3.11% on October 7th, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has labeled the stock as 'Sell'.

The stock has underperformed the sector by -2.24% and has been on a consecutive fall for the last 6 days, with a total decline of -9.25% during this period. On the same day, the stock also touched an intraday low of Rs 115.25, showing a decrease of -3.03%.

In terms of moving averages, Union Bank of India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's performance.

Investors may also take note of the high dividend yield of 3.03% at the current price of the stock.

In comparison to the overall market performance, Union Bank of India has shown a decline of -3.32% in just one day, while the Sensex has only seen a marginal increase of 0.01%. Over the course of one month, the stock has shown a decline of -5.16%, while the Sensex has seen a slight increase of 0.64%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers who are interested in the performance of Union Bank of India.