Marsons Stock Sees -5% Decline, Moving Averages Remain Higher

Marsons, a midcap company in the electric equipment industry, saw a decline of -5.0% in its stock on October 8th, 2024. This drop was reflected in the stock call given by MarketsMOJO, which rated it as 'Hold'. The stock opened with a loss of -5% and continued to underperform the sector by -4.82% throughout the day.

This is the second consecutive day of losses for Marsons, with a total decline of -9.74% in this period. The stock also touched an intraday low of Rs 308.05, which is a -5% decrease from its opening price. However, it has maintained a steady trading range since then.

Despite the recent decline, Marsons' moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages. However, it is currently lower than the 5 day moving average.

In comparison to the Sensex, Marsons' performance in the last 1 day and 1 month has been -5.00% and 85.63% respectively. This is in contrast to the Sensex's performance of 0.05% and -0.12% in the same time periods.

Overall, Marsons' stock has seen a decline in the recent days, but its moving averages are still higher than the long-term averages. Investors may want to keep an eye on the company's performance in the coming days to make informed decisions.