ACGL Stock Declines by -7.19% Amidst Underperformance in Auto Ancillary Industry

Automobile Corporation Of Goa Ltd (ACGL) has recently faced a decline in its stock price, losing -7.19% on March 12, 2024. This has been attributed to the company's underperformance in the auto ancillary industry, falling behind by -6.19%. The stock has also been on a downward trend for the past two days, with a total decline of -14.85% during this period.

On March 12, the stock touched an intraday low of Rs 1857.05, representing a decrease of -8.32%. However, it is worth noting that ACGL's moving averages are still higher than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a relatively stable performance in the long run. The stock is currently lower than the 5-day moving average.

In comparison to the overall market performance, ACGL's stock has underperformed, with a -7.87% decline on March 12, while the Sensex saw a slight increase of 0.25%. Over the past month, ACGL has seen a 14.42% increase, while the Sensex has only seen a 3.68% increase.

As a smallcap company in the auto ancillary industry, ACGL's stock performance may be subject to fluctuations. However, it is important to note that this article is based on factual information and does not include any external data or sources. Investors are advised to do their own research and make informed decisions.