Crompton Greaves Consumer Electrical sees -4.24% dip in stock price, still a 'Hold' according to MarketsMOJO

Crompton Greaves Consumer Electrical, a leading player in the consumer durables and electronics industry, has seen a dip in its stock price by -4.24% on September 26, 2024. This underperformance is reflected in the stock's current price, which is lower than its 5-day, 20-day, and 50-day moving averages. However, it is still higher than its 100-day and 200-day moving averages.

Despite this recent dip, MarketsMOJO has given a 'Hold' call for Crompton Greaves Consumer Electrical's stock. This means that while the stock may not be performing as well as the sector, it is still a viable option for investors to hold onto.

On the day of the dip, the stock touched an intraday low of Rs 422.25, which is a -4.59% decrease from its previous closing price. This underperformance is also reflected in the stock's performance compared to the Sensex, where it has seen a -3.46% decrease while the Sensex has only seen a 0.15% increase.

Looking at the longer-term performance, Crompton Greaves Consumer Electrical has seen a -8.37% decrease in the past month, while the Sensex has seen a 4.41% increase. However, it is important to note that this is not a recommendation to buy or sell the stock, but rather a fact-based analysis of its recent performance.