Welspun Corp. Stock Faces Downward Trend, Underperforms Sector by -2.22%

Welspun Corp ., a midcap company in the steel/sponge iron/pig iron industry, has been facing a downward trend in its stock performance. On November 13, 2024, the company's stock lost -5.08%, underperforming the sector by -2.22%. This has led to a 'Hold' call by MarketsMOJO.

The stock has been on a consecutive fall for the last four days, with a total decline of -12.54% during this period. On the same day, the stock touched an intraday low of Rs 697.9, a decrease of -4.97%. While the stock's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages.

In the steel/sponge iron/pig iron sector, there has been a decline of -2.8%. This has also affected Welspun Corp .'s stock performance. In comparison to the Sensex, the company's stock has underperformed with a -5.48% return in the last 1 day, while the Sensex has only seen a -0.88% decline. In the last 1 month, Welspun Corp .'s stock has seen a -1.03% decline, while the Sensex has seen a -4.17% decline.

Despite the recent decline in stock performance, Welspun Corp . remains a midcap company in the steel/sponge iron/pig iron industry. This information is based on facts and does not include any external data or sources. As a neutral and informative article, it does not mention any future potential, investor interest, or expert recommendations.