Azad Engineering's Stock Declines by -5.42% and Receives 'Sell' Rating from MarketsMOJO

Azad Engineering, a midcap auto ancillary company, has seen a decline in its stock price by -5.42% on October 7th, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Sell'.

The stock has underperformed the sector by -3.62% and has been on a downward trend for the past 6 days, with a fall of -11.15% in this period. On the day of October 7th, the stock touched an intraday low of Rs 1328.05, showing a decline of -5.76%.

Azad Engineering's current stock price is also trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend.

In comparison to the overall market performance, Azad Engineering's stock has performed poorly, with a -5.76% decline on October 7th, while the Sensex only saw a -0.34% decline. Over the past month, the stock has also underperformed the Sensex, with a -14.49% decline compared to the Sensex's 0.28% growth.

Investors should keep an eye on Azad Engineering's stock performance and consider the 'Sell' rating given by MarketsMOJO before making any investment decisions.