Hero MotoCorp Ltd. Sees -3.8% Decline in Stock Price, Rated 'Hold' by MarketsMOJO.

Hero MotoCorp Ltd., a leading player in the automobile two and three wheeler industry, has seen a decline in its stock price by -3.8% on October 17, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has underperformed the sector by -1.09% and has been on a consecutive fall for the last 3 days, with a decline of -6.65% during this period. On the day of October 17, the stock touched an intraday low of Rs 5152, showing a decrease of -4.55%. The stock has also been highly volatile, with an intraday volatility of 86.95% calculated from the weighted average price.

In terms of moving averages, the stock is currently higher than the 200 day moving average but lower than the 5 day, 20 day, 50 day, and 100 day moving averages. This indicates a mixed trend in the stock's performance.

The overall action in the sector of Automobile Two & Three Wheelers has also been negative, with a decline of -4.84%. This could be attributed to various factors such as economic conditions, market trends, and competition.

In comparison to the Sensex performance, Hero MotoCorp Ltd. has seen a decline of -3.52% in the past 1 day, while the Sensex has only decreased by -0.03%. Similarly, in the past 1 month, the stock has seen a decline of -12.66% while the Sensex has only decreased by -1.93%.

Overall, the recent performance of Hero MotoCorp Ltd. has been below average, with a decline in stock price and underperformance in the sector. Investors may want to closely monitor the stock's performance and consider their options before making any investment decisions.