Asian Granito India's Stock Sees Dip, But Analysts Suggest Holding On

Asian Granito India, a leading player in the ceramics and allied industry, saw a dip in its stock price on August 2, 2024. The company's stock lost -7.31% on that day, underperforming the sector by -4.41%. The stock opened at Rs 89.41 and touched an intraday high of Rs 89.41 (2.95%), but later fell to an intraday low of Rs 81.74 (-5.88%).

According to MarketsMOJO, a leading stock analysis platform, the stock call for Asian Granito India is 'Hold'. The company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

In comparison to the overall market performance, Asian Granito India's stock has underperformed. On the same day, the Sensex, India's benchmark index, saw a decline of -0.76%, while Asian Granito's stock performance was -4.97%. However, over the past month, the company's stock has outperformed the Sensex, with a growth of 7.03% compared to the Sensex's 2.27%.

Asian Granito India is a smallcap company in the ceramics and allied industry. The company has a strong presence in the market and has been consistently performing well. Investors are advised to hold onto their stocks and monitor the company's performance in the coming days.