Bharat Forge Ltd. Stock Declines by -3.45% on November 12, Rated as 'Hold' by MarketsMOJO

Bharat Forge Ltd., a leading player in the castings and forgings industry, has seen a decline in its stock price by -3.45% on November 12, 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 has underperformed the sector by -2.12% on the day. The stock has been on a downward trend for the past four days, with a fall of -7.99% during this period. On November 12, the stock touched an intraday low of Rs 1350.15, a decline of -3.25%.

Bharat Forge is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock. In comparison to the Sensex, the stock has performed poorly, with a 1-day return of -3.83% as opposed to the Sensex's -1.03% return. Over the past month, Bharat Forge has seen a decline of -10.01%, while the Sensex has fallen by -3.33%.

Despite the recent decline in stock price, Bharat Forge remains a major player in the castings and forgings industry. Investors should keep an eye on the stock's performance and consider all factors before making any investment decisions. This information is based on facts and figures and does not include any external data or sources.