Action Construction Equipments (ACE) Stock Faces -5.02% Loss, Considered 'Hold' by MarketsMOJO

Action Construction Equipments (ACE) has recently faced a dip in its stock performance, with a loss of -5.02% on October 23, 2024. The company, which operates in the engineering and industrial equipment industry, is considered a midcap player in the market.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Action Construction Equipments is 'Hold'. The stock has underperformed the sector by -4.66% and has been on a consecutive fall for the last 2 days, with a total decline of -9.6% during this period. On the day of the report, the stock opened with a gap down of -3.51% and touched an intraday low of Rs 1247.75, a decrease of -5.95%.

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

Comparing the 1-day and 1-month performance of Action Construction Equipments with the Sensex, the stock has underperformed with a -5.21% return, while the Sensex has shown a minimal growth of 0.01%. Similarly, in the past month, the stock has declined by -12.67%, while the Sensex has also shown a negative performance of -5.53%.

Despite the recent dip in stock performance, it is important to note that this article is purely based on factual information and does not include any external data or sources. It is always advisable to do your own research and consult with a financial advisor before making any investment decisions.