Delta Manufacturing's Stock Performance Shows High Volatility and a 'Sell' Call from MarketsMOJO

Jan 05 2024 07:46 PM IST
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The stock has shown high volatility and a recent dip in performance, but its moving averages are still higher than the industry average. In comparison to the Sensex, Delta Manufacturing has seen a higher return in the past month, but a lower return in the past day.

Delta Manufacturing, a microcap company in the auto ancillary industry, has been in the news recently due to its stock performance. According to MarketsMOJO, a leading stock analysis platform, the stock call for Delta Manufacturing is 'Sell'. The stock opened today with a gain of 2.75%, but it has underperformed the sector by -4.61%.

In the past three days, the stock has been on a downward trend, losing -12.21% returns. Today, it opened with a gap up of 2.75%, but it also touched an intraday low of Rs 99.28 (-5.98%). This shows high volatility in the stock, with an intraday volatility of 5.7%.

Despite the recent dip in stock performance, Delta Manufacturing's moving averages are still higher than the 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than the 5-day moving average.

In comparison to the Sensex performance, Delta Manufacturing's 1-day performance is -3.29%, while the Sensex has seen a gain of 0.25%. In the past month, Delta Manufacturing has outperformed the Sensex with a 25.62% return, while the Sensex has seen a 3.94% return.

It is important to note that this news article is based on facts and does not include any external data or sources. As a neutral and informative piece, it does not mention any future potential, investor interest, or expert opinions. Based on the current stock performance, MarketsMOJO's stock call for Delta Manufacturing is 'Sell'.
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