CIE Automotive India's Stock Price Dips Amidst Sector Underperformance on September 25, 2024

Sep 25 2024 11:45 AM IST
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On September 25, 2024, CIE Automotive India's stock price closed at Rs. 570, down by -3.23% from the previous day. This was in line with the sector's performance, with a consecutive fall of -3.61% in the past two days. Moving averages show a mixed trend, while the stock's performance has been relatively flat compared to the Sensex.

CIE Automotive India, a leading player in the castings and forgings industry, saw a dip in its stock price on September 25, 2024. The stock closed at Rs. 570, down by -3.23% from the previous day's closing price. This underperformance was in line with the sector, as the stock fell -2.3% compared to the sector's performance.

The stock has been on a downward trend for the past two days, with a consecutive fall of -3.61% during this period. The intraday low for the stock was Rs. 569, a decrease of -2.98% from the previous day's closing price. However, the stock's moving averages show a mixed trend, with the 100-day and 200-day moving averages higher than the stock's current price, but the 5-day, 20-day, and 50-day moving averages lower than the stock's current price.

In comparison to the Sensex, CIE Automotive India's performance on September 25, 2024, was -3.23%, while the Sensex's performance was -0.07%. Over the past month, the stock's performance has been relatively flat, with a slight increase of 0.01%, while the Sensex has seen a growth of 4.65%.

Overall, CIE Automotive India's stock performance has been lackluster in the recent past, with a dip in its stock price and underperformance compared to the sector. Investors may want to hold onto their positions for now, as recommended by MarketsMOJO.
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