GRM Overseas Stock Declines by -7.06% and Receives 'Hold' Call from MarketsMOJO

GRM Overseas, a smallcap company in the rice and rice processing industry, has seen a decline in its stock price by -7.06% on October 7th, 2024. This has led to a 'Hold' call by MarketsMOJO for the stock.

In terms of performance, GRM Overseas has underperformed the sector by -2.4% on the same day. The stock has been on a downward trend for the past three days, with a total decline of -13.28% during this period. On October 7th, the stock touched an intraday low of Rs 225, representing a -6.54% decrease.

While the stock's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages. This indicates a mixed trend for the stock in the short term.

In comparison, the rice and rice processing sector has also seen a decline of -4.14%. However, GRM Overseas has performed worse than the sector.

On a broader scale, GRM Overseas has underperformed the Sensex by -7.06% in just one day, while the Sensex has only declined by -0.38%. In the past month, the stock has seen a decline of -12.68%, while the Sensex has seen a slight increase of 0.24%.

Overall, GRM Overseas has seen a decline in its stock price and has been performing worse than the sector and the broader market. Investors are advised to hold their positions for now and monitor the stock's performance closely.