Honasa Consumer's Stock Performance Continues to Decline, Receives 'Strong Sell' Rating by MarketsMOJO

Honasa Consumer, a midcap FMCG company, has been facing a downward trend in its stock performance. On November 21, 2024, the company's stock lost -5.74% and was given a 'Strong Sell' rating by MarketsMOJO.

The stock is currently trading close to its 52-week low, with a difference of only 4.3%. It has also underperformed the sector by -3.16% on the same day. This is the third consecutive day that the stock has been losing, with a total decline of -31.44% in this period.

During the day, the stock touched an intraday low of Rs 247.85, which is a decrease of -6.03%. Honasa Consumer is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a negative trend.

In comparison to the overall market performance, Honasa Consumer's stock has performed poorly. On the same day, the stock's performance was -4.87%, while the Sensex's performance was only -0.56%. In the past month, the stock has seen a decline of -39.77%, while the Sensex has only declined by -4.93%.

Investors should keep a close eye on Honasa Consumer's stock performance and consider the 'Strong Sell' rating given by MarketsMOJO before making any investment decisions.