Forbes & Company's Stock Sees Decline of -9.85% on April 29, Underperforming Sector by -9.88%

Forbes & Company, a smallcap company in the engineering and industrial equipment industry, has seen a decline in its stock price on April 29, 2024. The stock has lost -9.85% on this day, underperforming the sector by -9.88%. This trend reversal comes after the stock had seen five consecutive days of gains.

The stock's intraday low was Rs 717.5, a decrease of -9.89% from the previous day's closing price. The stock has also shown high volatility, with an intraday volatility of 5.2%, calculated from the weighted average price.

Despite this recent decline, Forbes & Company is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates that the stock has been performing well in the past and may continue to do so in the future.

On the same day, MarketsMOJO has given a 'Hold' call for Forbes & Company's stock. This means that the company's stock is expected to perform in line with the market and investors are advised to hold their positions.

In comparison to the overall market performance, Forbes & Company's stock has underperformed. Its 1-day performance is -8.45% compared to the Sensex's 0.59% performance. However, over the past month, the stock has outperformed the Sensex with a 68.66% increase compared to the market's 0.69% increase.

Investors should keep an eye on Forbes & Company's stock performance in the coming days to see if it continues to underperform or if it bounces back from this decline.