Delta Corp Ltd. Stock Sees Decline, Underperforms Sector and Sensex, 'Sell' Call Given.

Aug 05 2024 09:40 AM IST
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Delta Corp Ltd., a smallcap company in the hotel industry, saw a decline in its stock price today. Despite its moving averages still being higher than its 50-day and 100-day averages, it is currently lower than its 5-day, 20-day, and 200-day averages. The stock has also underperformed the sector and the Sensex, leading MarketsMojo to give a 'Sell' call.


Delta Corp Ltd., a smallcap company in the hotel industry, saw a decline in its stock price today. According to MarketsMOJO, the stock opened with a loss of -5.19% and underperformed the sector by -0.78%. The stock also opened with a gap down at -5.19% and touched an intraday low of Rs 127.05.

Despite the decline, Delta Corp Ltd.'s moving averages are still higher than its 50-day and 100-day moving averages. However, it is currently lower than its 5-day, 20-day, and 200-day moving averages. This indicates a mixed trend for the stock in the short term.

In the hotel sector, Delta Corp Ltd.'s performance has fallen by -2.14%. This could be attributed to the overall decline in the sector, which has fallen by -2.14%.

Looking at the stock's performance compared to the Sensex, Delta Corp Ltd. has underperformed with a -2.13% decline, while the Sensex has only seen a -1.96% decline. In the past month, Delta Corp Ltd.'s performance has also been lower than the Sensex, with a -2.45% decline compared to the Sensex's -0.75% decline.

Based on these numbers, MarketsMOJO has given a 'Sell' call for Delta Corp Ltd.'s stock. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.
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