Packaging company Cosmo First sees -7.48% decline in stock price, MarketsMOJO advises 'Hold'

Cosmo First, a smallcap company in the packaging industry, saw a decline of -7.48% in its stock price on August 27, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock opened with a loss of -2.69% today and touched an intraday low of Rs 807.45 (-7.61%). It has been on a consecutive fall for the last 2 days, with a total decline of -14.86% in this period. However, the stock's moving averages are still higher than the 100 day and 200 day averages, but lower than the 5 day, 20 day, and 50 day averages.

In the packaging sector, Cosmo First's performance has fallen by -2.38%. This is in line with the overall trend in the sector.

Comparing the stock's performance to the Sensex, Cosmo First has underperformed with a -7.55% decline in the last 1 day, while the Sensex has seen a marginal increase of 0.02%. In the last 1 month, the stock has declined by -6.59%, while the Sensex has seen a slight increase of 0.47%.

Overall, Cosmo First's stock has seen a decline in its performance, but it is still holding above its moving averages. Investors are advised to hold onto their positions for now, as per MarketsMOJO's recommendation.