ACGL Stock Faces 7.15% Decrease, But Still Outperforms Market in Past Month

Automobile Corporation Of Goa (ACGL) has recently faced a dip in its stock price, with a decrease of 7.15% on March 11, 2024. This has been reflected in the stock call given by MarketsMOJO, which is currently 'Hold'. The company, which operates in the auto ancillary industry and falls under the smallcap category, has underperformed the sector by 5.24% on the same day.

The stock of ACGL touched an intraday low of Rs 2050, which is a significant decrease from its previous closing price. However, the company's stock is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates that the stock has been performing well in the recent past.

In comparison to the overall market performance, ACGL's stock has shown a decline of 7.15% while the Sensex has only decreased by 0.57% on the same day. However, in the past month, the company's stock has outperformed the Sensex with a growth of 20.35% compared to the market's growth of 2.94%.

Despite the recent dip in stock price, ACGL's performance in the past month has been positive. Investors may want to keep an eye on the company's future developments and financial reports to make informed decisions about their investments.