Crompton Greaves Consumer Electrical Ltd sees positive trend in stock performance, gains 3.36%

Crompton Greaves Consumer Electrical Ltd, a leading player in the consumer durables - electronics industry, saw a positive trend in its stock performance on November 6th, 2024. The stock gained 3.36%, closing at Rs. 395.85 on the BSE.

According to MarketsMOJO, a leading stock market analysis platform, the stock has been given a 'Hold' call. The stock's performance today was slightly lower than the sector average, underperforming by -4.41%. However, it is worth noting that the stock has gained after two consecutive days of fall, indicating a possible trend reversal.

The stock also touched an intraday high of Rs. 397.5, showing a 3.46% increase. In terms of moving averages, the stock is currently higher than its 5-day and 200-day moving averages, but lower than its 20-day, 50-day, and 100-day moving averages.

In terms of sector performance, the consumer durables - electronics industry has seen a gain of 7.86%. This positive trend in the sector could have contributed to the stock's performance.

Comparing the stock's performance to the overall market, Crompton Greaves Consumer Electrical Ltd has outperformed the Sensex by 3.33% in the past day and has also outperformed in the past month with a gain of -6.15% compared to the Sensex's -1.90% performance.

Overall, Crompton Greaves Consumer Electrical Ltd has shown a positive trend in its stock performance, with a 'Hold' call from MarketsMOJO. Investors may want to keep an eye on the stock as it continues to navigate the market.