Enkei Wheels India's Stock Performance Declines, Receives 'Sell' Call from MarketsMOJO

Nov 13 2024 11:50 AM IST
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Enkei Wheels India, a smallcap auto ancillary company, saw a -8.15% decline in its stock on November 13, 2024, with a 'Sell' call from MarketsMojo. The stock has been on a downward trend for four consecutive days, with a total decline of -12.65%. It is currently trading below all its moving averages, while the sector has also seen a decline of -2.45%. Investors and experts should closely monitor the company's performance.

Enkei Wheels India, a smallcap company in the auto ancillary industry, has been facing a downward trend in its stock performance. On November 13, 2024, the company's stock lost -8.15% and was given a 'Sell' call by MarketsMOJO.

The stock opened with a loss of -2.27% and touched an intraday low of Rs 607.1, underperforming the sector by -5.74%. This marks the fourth consecutive day of losses for Enkei Wheels, with a total decline of -12.65% in this period.

Enkei Wheels is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend. The auto ancillary sector as a whole has also seen a decline of -2.45%.

In comparison to the Sensex, Enkei Wheels' 1 day and 1 month performance has been -4.69% and -8.43% respectively, while the Sensex has only seen a decline of -0.60% and -3.91% in the same time periods.

Investors and experts are advised to closely monitor the performance of Enkei Wheels India and the auto ancillary sector as a whole, as the company continues to face challenges in the market.
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