Va Tech Wabag Stock Sees -6.44% Decline, Outperforms Sector Despite Recent Downtrend

Va Tech Wabag, a midcap company in the capital goods industry, saw a decline of -6.44% in its stock on October 22, 2024. This decline was in line with the overall underperformance of the sector, with the stock falling -5.37% below the sector's performance.

The stock has been on a downward trend for the past two days, with a consecutive fall of -13.72% in this period. On October 22, the stock touched an intraday low of Rs 1595.95, a decrease of -6.59%. However, despite this recent decline, the stock's moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the Sensex, Va Tech Wabag's performance on October 22 was -6.33%, while the Sensex's performance was only -0.47%. Over the past month, the stock has seen a positive performance of 5.17%, while the Sensex has seen a decline of -4.47%.

Overall, Va Tech Wabag's stock performance has been relatively stable, with a slight decline on October 22. Investors may want to hold onto their stock for now, as recommended by MarketsMOJO.