Triveni Turbine Faces Short-Term Weakness Amid Broader Market Decline

Jan 13 2025 11:05 AM IST
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Triveni Turbine Ltd. faced a decline on January 13, 2025, contributing to a significant loss over four days. The stock has underperformed its sector and experienced a notable drop over the past month, despite remaining above its 200-day moving average, indicating some long-term stability.
Triveni Turbine Ltd., a key player in the engineering sector, experienced a decline of 3.08% on January 13, 2025, contributing to a notable downward trend with a total loss of 9.39% over the past four days. On this day, the stock reached an intraday low of Rs 686.45, marking a decrease of 3.13%.

In terms of performance metrics, Triveni Turbine has underperformed relative to its sector, lagging by 1.4%. Over the past month, the stock has faced a significant drop of 14.75%, while the broader Sensex index has decreased by 6.29%.

Despite these recent challenges, Triveni Turbine remains above its 200-day moving average, indicating some level of long-term stability. However, it is currently trading below its 5-day, 20-day, 50-day, and 100-day moving averages, which suggests short-term weakness in its performance indicators.
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