V I P Industries' Stock Faces Decline, Receives 'Strong Sell' Call from MarketsMOJO

V I P Industries, a midcap company in the consumer durables industry, has recently faced a decline in its stock price. On October 25th, 2024, the company's stock lost -5.06%, underperforming the sector by -2.63%. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock has been on a downward trend for the past two days, with a consecutive fall of -12.64% in returns. On the same day, the stock also touched an intraday low of Rs 447.05 (-5.27%). V I P Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

The consumer durables sector as a whole has also seen a decline of -2.12%. In comparison, V I P Industries' 1-day performance is -5.00% while the Sensex's performance is -0.61%. Similarly, the company's 1-month performance is -20.92% compared to the Sensex's -6.57%.

While the reasons for this decline in stock price are not mentioned, investors should keep an eye on the company's performance in the coming days. This information is provided for informational purposes only and should not be considered as a recommendation to buy or sell V I P Industries' stock.