Bharat Forge Stock Declines by -3.16% and Receives 'Hold' Call from MarketsMOJO
Bharat Forge, a leading player in the castings and forgings industry, has seen a -3.16% decline in its stock price on 2024-10-28. MarketsMojo has given a 'Hold' call on the stock, which has been on a consecutive fall for the last 2 days and is currently trading below its moving averages. It has also underperformed the Sensex in the last 1 month.
Bharat Forge ., a leading player in the castings and forgings industry, has seen a decline of -3.16% in its stock price on 2024-10-28. This has led to a 'Hold' call on the stock by MarketsMOJO, a leading financial analysis platform.
The stock has been part of the Hidden Turnaround list on MarketsMOJO since 2023-08-09, indicating its potential for a positive turnaround in the future. However, it is important to note that this article will not discuss any future potential or mention any investor interest or expert opinions.
In terms of price performance, Bharat Forge has underperformed the sector by -1.12% today. It has also been on a consecutive fall for the last 2 days, with a decline of -4.53% during this period. The stock touched an intraday low of Rs 1364.85 (-2.72%) today.
Furthermore, Bharat Forge is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend in its stock price.
In comparison to the Sensex, Bharat Forge's 1 day performance is -3.01%, while the Sensex has shown a positive performance of 0.76%. Similarly, in the last 1 month, Bharat Forge has underperformed the Sensex with a decline of -10.54% compared to the Sensex's -6.51% performance.
Overall, Bharat Forge's stock performance has been on a downward trend, and investors are advised to hold their positions on the stock. This information is based on facts and figures from MarketsMOJO and does not include any external data or sources.
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