Azad Engineering's Stock Price Declines by -5.0% on May 23, 2024, According to MarketsMOJO.

Azad Engineering, a midcap company in the auto ancillary industry, has seen a decline in its stock price by -5.0% on May 23, 2024. This has led to a 'Hold' call by MarketsMOJO, a leading stock market analysis platform.

The stock opened with a loss of -3.78% today and touched an intraday low of Rs 1392.15, a decrease of -5%. This underperformance of -4.98% compared to the sector has been consistent for the last 2 days, with a total fall of -9.75% during this period.

Despite this recent decline, Azad Engineering's moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages. However, it is lower than the 5 day moving average.

In comparison to the Sensex, Azad Engineering's 1 day performance is -5.00%, while the Sensex has seen a positive performance of 0.34%. Over the past month, Azad Engineering has outperformed the Sensex with a 1 month performance of 3.83% compared to the Sensex's 1.00% performance.

As a midcap company in the auto ancillary industry, Azad Engineering's stock performance is closely watched by investors. However, it is important to note that this article is based on factual information and does not include any external data or sources. It is always recommended to do thorough research and consult with a financial advisor before making any investment decisions.