CIE Automotive India's Stock Sees -3.74% Decline, Given 'Hold' Rating by MarketsMOJO

Oct 07 2024 11:00 AM IST
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CIE Automotive India's stock price saw a decline of -3.74% on October 7th, 2024, underperforming the sector by -1.25%. The stock has been on a downward trend for the past three days, with a fall of -5.44%. It is currently trading higher than its 200-day moving average, but lower than its shorter-term averages. The company's 1-day performance was -3.74%, while the Sensex's was -0.25%. Over the past month, the stock has seen a decline of -6.37%, while the Sensex has seen a slight increase. Investors may want to closely monitor the company's financials and market trends before making any investment decisions.

CIE Automotive India, a leading player in the castings and forgings industry, saw a decline of -3.74% in its stock price on October 7th, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

In terms of price performance, CIE Automotive India underperformed the sector by -1.25% on the day. The stock has also been on a downward trend for the past three days, with a fall of -5.44% during this period. However, it did open with a gain of 2.43% today, showing some volatility in its price movement.

The stock reached an intraday high of Rs 565 and a low of Rs 535.1, indicating a range-bound trading session. It 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 terms of sector performance, Castings/Forgings has fallen by -2.23%, further highlighting the underperformance of CIE Automotive India in comparison.

On a broader scale, CIE Automotive India's 1-day performance was -3.74%, while the Sensex's performance was -0.25%. Over the past month, the company's stock has seen a decline of -6.37%, while the Sensex has seen a slight increase of 0.37%.

Overall, CIE Automotive India's stock performance has been lackluster, with a decline in both short-term and long-term periods. Investors may want to closely monitor the company's financials and market trends before making any investment decisions.
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