Hi-Tech Gears Ltd's Stock Sees Decline, MarketsMOJO Gives 'Sell' Call

Nov 11 2024 09:45 AM IST
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The stock price of Hi-Tech Gears Ltd, a smallcap company in the auto ancillary industry, saw a decline of -6.43% today. This marks a trend reversal after four consecutive days of gains. The stock's moving averages are still higher than some, but lower than others. MarketsMojo has given a 'Sell' call for the stock.


The Hi-Tech Gears Ltd, a smallcap company in the auto ancillary industry, saw a decline in its stock price today. According to MarketsMOJO, the stock opened with a loss of -6.43% and underperformed the sector by -5.98%. This marks a trend reversal for the stock, as it had been on a four-day consecutive gain streak.

The stock also opened with a gap down, indicating a significant drop in its price. It touched an intraday low of Rs 851.4, which is a decrease of -6.44%. However, the stock's moving averages are still higher than its 5-day, 20-day, and 200-day moving averages, but lower than its 50-day and 100-day moving averages.

In comparison to the Sensex, The Hi-Tech Gears Ltd's performance in the past day and month has been -6.36% and -3.16%, respectively. This is in contrast to the Sensex's performance of -0.07% and -2.40% in the same time periods.

MarketsMOJO has given a 'Sell' call for The Hi-Tech Gears Ltd's stock, indicating a negative outlook for the company. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.
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