Patanjali Foods' Stock Sees Decline, Rated as 'Hold' by MarketsMOJO

Patanjali Foods, a leading FMCG company in India, has recently seen a decline in its stock price. On October 25, 2024, the company's stock lost -3.31% of its value. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

In terms of performance, Patanjali Foods has underperformed the sector by -3.49% on the same day. The stock has also been on a consecutive fall for the last 2 days, with a decline of -3.42% in this period. On October 25, the stock touched an intraday low of Rs 1712, which is a decrease of -3.25%.

While Patanjali Foods' stock is currently higher than its 100-day and 200-day moving averages, it is lower than its 5-day, 20-day, and 50-day moving averages. This indicates a mixed trend in the stock's performance.

In comparison to the overall market performance, Patanjali Foods' stock has seen a decline of -3.59% on the same day, while the Sensex has only seen a decline of -0.48%. In the past month, the stock has also performed better than the Sensex, with a decline of -1.44% compared to the Sensex's decline of -6.44%.

While the reasons for the decline in Patanjali Foods' stock price are not mentioned, investors should keep an eye on the company's performance in the coming days. As of now, the stock is rated as 'Hold' by MarketsMOJO, indicating a neutral stance on its future potential.