Hero MotoCorp's Stock Declines for Fifth Consecutive Day, Underperforming Sector
Hero MotoCorp, a major player in the automobile two and three wheeler industry, experienced a -3.08% decline in stock price on November 13, 2024. This marks the fifth consecutive day of losses for the company, with a total decline of -6.13% in this period. The stock is currently trading below its moving averages, indicating a downward trend. The Automobile Two & Three Wheelers sector also saw a decline of -2.29%, with Hero MotoCorp's performance being worse at -3.07%. In the past month, the company's stock has seen a significant decline of -16.50%, indicating a larger impact compared to the overall market. MarketsMojo has given a 'Hold' call for the stock, based on fact-based analysis. Investors are advised to conduct their own research before making any decisions.
Hero MotoCorp ., a leading player in the automobile two and three wheeler industry, has seen a decline in its stock price on November 13, 2024. The stock has lost -3.08% on this day, underperforming the sector by -0.37%. This marks the fifth consecutive day of losses for the company, with a total decline of -6.13% in this period.
On this day, Hero MotoCorp's stock touched an intraday low of Rs 4583.9, showing a decrease of -2.84%. The stock is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend.
In comparison, the Automobile Two & Three Wheelers sector has also seen a decline of -2.29%. However, Hero MotoCorp's performance has been worse, with a -3.07% decrease in stock price compared to the Sensex's -0.60% performance on the same day.
Looking at the past month, Hero MotoCorp's stock has seen a significant decline of -16.50%, while the Sensex has only seen a -3.91% decrease. This indicates a larger impact on the company's stock compared to the overall market.
Based on these numbers, MarketsMOJO has given a 'Hold' call for Hero MotoCorp's stock. It is important to note that this is a fact-based analysis and does not include any external data or sources. Investors are advised to do their own research and make informed decisions.
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