Voltas Ltd. Stock Declines by -3.16% on October 31st, Rated as 'Hold' by MarketsMOJO

Voltas Ltd., a leading player in the air conditioning industry, has seen a decline in its stock price by -3.16% on October 31st, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has underperformed the sector by -1.34% today and has been on a consecutive fall for the last 2 days, with a total decline of -6.86% during this period. The stock also touched an intraday low of Rs 1644.2, showing a decrease of -3.08%.

While the stock's performance today may not be favorable, it is worth noting that it is still higher than the 200 day moving average. However, it is lower than the 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the overall market performance, Voltas Ltd. has seen a decline of -2.93% in the last 1 day, while the Sensex has only seen a decline of -0.29%. Similarly, in the last 1 month, Voltas Ltd. has seen a decline of -11.47%, while the Sensex has seen a decline of -5.41%.

Despite the recent decline in stock price, Voltas Ltd. remains a strong player in the air conditioning industry, with a largecap size. Investors are advised to hold their positions and monitor the stock's performance in the coming days. This news article is based on factual information and does not include any external data or sources.