Visaka Industries' Stock Sees -9.97% Decline, Reflecting 'Hold' Call by MarketsMOJO

Feb 13 2024 09:35 AM IST
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On February 13, 2024, Visaka Industries, a smallcap company in the construction material industry, saw a -9.97% decline in its stock price, with an intraday low of Rs 140.8. Despite this, the stock is still above its moving averages and has outperformed the market in the past month. Investors should monitor its volatility and performance.

Visaka Industries, a smallcap company in the construction material industry, saw a decline of -9.97% in its stock price on February 13, 2024. This underperformance was reflected in the stock's 'Hold' call by MarketsMOJO.

The stock opened with a loss of -9.81% and continued to fall throughout the day, touching an intraday low of Rs 140.8. It has been on a downward trend for the past two days, with a total decline of -18.68% during this period. The stock has also been highly volatile, with an intraday volatility of 55.09%.

Despite this recent decline, Visaka Industries' stock price is still higher than its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day moving average.

In comparison to the overall market performance, Visaka Industries' stock has underperformed, with a -9.97% decline compared to the Sensex's -0.21% decline on the same day. However, over the past month, the stock has outperformed the Sensex with a 34.01% increase, while the Sensex has declined by -2.27%.

Overall, Visaka Industries' stock has shown a recent decline, but its long-term performance has been positive. Investors may want to keep an eye on the stock's volatility and monitor its performance in the coming days.
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