Hero MotoCorp's Stock Price Declines by -3.66% After Recent 'Hold' Rating by MarketsMOJO.

Hero MotoCorp ., a leading player in the automobile two and three wheelers industry, has seen a decline in its stock price by -3.66% on November 4th, 2024. This comes after a recent stock call by MarketsMOJO, which has rated the stock as 'Hold'.

The stock opened with a gain of 2.5% today, but underperformed the sector by -1.53%. This marks a trend reversal for the stock, as it has fallen after three consecutive days of gains. The day's high for the stock was Rs 5144.95, while the day's low was Rs 4828.7, showing a volatile trading day for Hero MotoCorp.

In terms of moving averages, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock in the short and long term.

The overall action in the sector has also been negative, with the Automobile Two & Three Wheelers industry falling by -2.98%. This could be attributed to various factors such as economic conditions, consumer demand, and competition.

In comparison to the Sensex, Hero MotoCorp's performance has been lower, with a -3.32% decline in the past day and a -11.99% decline in the past month. This is in contrast to the Sensex's -1.03% and -3.41% performance in the same time periods.

While the stock has seen a decline in its price, it is important to note that this article is purely informative and does not offer any recommendations or predictions. It is based on factual data and aims to provide a neutral perspective on Hero MotoCorp's recent performance in the stock market.