NCL Industries' Stock Declines, But Still a 'Buy' According to MarketsMOJO

NCL Industries, a smallcap company in the cement industry, has been making headlines in the stock market recently. On August 9th, the company's stock saw a decline of -7.34%, causing some concern among investors. However, according to MarketsMOJO, a leading stock analysis platform, the stock is still a 'Buy' call.

Taking a closer look at the price summary, NCL Industries' performance today has underperformed the sector by -7.4%. The stock has also been on a consecutive fall for the last 2 days, with a decline of -8.35% during this period. It reached an intraday low of Rs 217.45, showing a high volatility of 5.73% throughout the day.

Despite these recent fluctuations, NCL Industries' moving averages are still higher than its 100 day moving average. However, it is currently lower than its 5 day, 20 day, 50 day, and 200 day moving averages. This indicates that the stock may have some room for improvement in the short term.

Comparing NCL Industries' performance to the Sensex, the stock has seen a -7.64% decline in the past day, while the Sensex has seen a 1.04% increase. Over the past month, NCL Industries has seen a -10.71% decline, while the Sensex has only seen a -0.80% decline. This shows that NCL Industries' stock may have been affected by external factors, but it is still performing better than the overall market.

In conclusion, while NCL Industries' stock may have seen a decline recently, it is still considered a 'Buy' by MarketsMOJO. With its strong moving averages and better performance compared to the Sensex, NCL Industries remains a promising investment in the cement industry.