ACGL's Stock Sees Decline of -7.52% Amidst Downward Trend in Auto Ancillary Industry

Automobile Corporation Of Goa (ACGL) is a smallcap company in the auto ancillary industry. On November 5th, 2024, the company's stock saw a decline of -7.52%, closing at Rs 2175. This underperformance was reflected in the stock's performance today, as it fell -7.77% compared to the sector.

ACGL has been on a downward trend for the past two days, with a consecutive fall of -8.82% in this period. The stock also opened with a gap down of -5.89% today and touched an intraday low of Rs 2151 (-12.56%).

Despite these recent declines, ACGL's stock price is still higher than its 200 day moving average. However, it is currently lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the Sensex, ACGL's stock performance has been -7.20% in the past day and -12.19% in the past month. This is in contrast to the Sensex's performance of -0.08% and -3.64% in the same time periods, respectively.

Based on these factors, MarketsMOJO has given a 'Hold' call for ACGL's stock. As a smallcap company in the auto ancillary industry, it is important for investors to closely monitor ACGL's performance and market trends before making any investment decisions.