Nestle India's Stock Price Declines by -3.07% on October 17, 2024
Nestle India's stock price has declined by -3.07% on October 17, 2024, according to MarketsMojo's 'Hold' call. The stock is trading close to its 52-week low and has underperformed the sector by -1.54%. It has also been consistently falling in the last 4 days and is currently trading below its moving averages. Investors are advised to monitor the company's financial performance and the FMCG industry.
Nestle India, a leading FMCG company in India, has seen a decline in its stock price by -3.07% on October 17, 2024. This has been reflected in the stock call given by MarketsMOJO, which is currently 'Hold'. The stock is currently trading close to its 52-week low, with a difference of only 4.39%.
In today's trading session, Nestle India has underperformed the sector by -1.54%. This is in line with its recent trend of consecutive falls, with the stock losing -4.41% in the last 4 days. The stock also touched an intraday low of Rs 2400.65, which is a decrease of -2.52%.
Nestle India's performance is also reflected in its moving averages, as it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's price.
In comparison to the Sensex, Nestle India's 1-day performance is -3.15%, while the Sensex's performance is -0.55%. Similarly, in the last 1 month, Nestle India's performance is -6.40%, while the Sensex's performance is -2.44%.
While there is no specific reason for the decline in Nestle India's stock price, investors may want to keep an eye on the company's financial performance and any potential developments in the FMCG industry. As of now, the stock call remains 'Hold' and investors are advised to make informed decisions based on their own research and analysis.
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