CIE Automotive India's Stock Declines by 3.0% Amidst Downward Trend, Current Stock Call is 'Hold'

Sep 26 2024 12:20 PM IST

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CIE Automotive India, a major player in the castings and forgings industry, experienced a -3.0% decline in its stock on September 26, 2024. The stock has been on a downward trend for the past three days, with a total loss of -7.12%. However, it opened with a gain of 2.06% today. According to MarketsMojo, the current stock call for CIE Automotive India is 'Hold'. It has underperformed the sector by -1.39% and is trading higher than its 200 day moving average but lower than its 5, 20, 50, and 100 day moving averages. In comparison to the Sensex, the stock has shown a decline of -2.92% in the past day and -4.81% in the past month. Investors and analysts are closely monitoring the situation as any changes in the stock performance of this largecap company can impact the market. As of now, the stock call remains 'Hold' and investors are advised to keep a close watch on the company's future developments.

CIE Automotive India, a leading player in the castings and forgings industry, saw a decline of -3.0% in its stock on September 26, 2024. The stock has been on a downward trend for the past three days, with a total loss of -7.12% during this period. However, the stock opened with a gain of 2.06% today, touching an intraday high of Rs 577.4.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for CIE Automotive India is 'Hold'. The stock has underperformed the sector by -1.39% today and is currently trading higher than its 200 day moving average but lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the Sensex performance, CIE Automotive India's stock has shown a decline of -2.92% in the past day and -4.81% in the past month. This is in contrast to the Sensex's performance of 0.35% and 4.62% in the same time periods, respectively.

While there has been no official statement from the company regarding the recent decline in stock price, investors and analysts are closely monitoring the situation. With a largecap size, CIE Automotive India is a significant player in the castings and forgings industry and any changes in its stock performance can have an impact on the market. As of now, the stock call remains 'Hold' and investors are advised to keep a close eye on the company's future developments.

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