Bharat Forge Ltd. Stock Declines -3.22% on September 26, Rated 'Hold' by MarketsMOJO

Bharat Forge Ltd., a leading player in the castings and forgings industry, has seen a decline of -3.22% in its stock price on September 26, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'. The stock has also been a part of the Hidden Turnaround list on MarketsMOJO since August 9, 2023.

In terms of performance, Bharat Forge Ltd. has underperformed the sector by -1.1% on the day. The stock has been on a downward trend for the past four days, with a fall of -5.54% during this period. On September 26, the stock touched an intraday low of Rs 1502.7, showing a decline of -3.43%.

While the stock's performance has been lower than the 5-day, 20-day, 50-day, and 100-day moving averages, it is still higher than the 200-day moving average. In the castings/forgings sector, the stock has fallen by -2.39%.

Comparing the performance of Bharat Forge Ltd. with the overall market, the stock has seen a decline of -3.08% in the past day, while the Sensex has shown a positive performance of 0.30%. In the past month, the stock has seen a decline of -7.76%, while the Sensex has shown a positive performance of 4.57%.

Overall, Bharat Forge Ltd. has seen a decline in its stock price, with a 'Hold' rating from MarketsMOJO. The stock has also been underperforming in the castings and forgings sector. Investors should keep an eye on the stock's performance in the coming days.