India Motor Parts & Accessories Opens Strong with 5.74% Gain Amid Market Decline

India Motor Parts & Accessories has shown significant activity today, opening with a gain of 5.74%. The stock has outperformed its sector by 5.15%, reflecting a strong performance amid a generally subdued market, as evidenced by the Sensex's decline of 0.30%. Over the past five days, the stock has demonstrated a consistent upward trend, accumulating a total return of 10.54%.
Today, the stock reached an intraday high of Rs 1075.55, maintaining this price level throughout the trading session. Notably, the stock has exhibited high volatility, with an intraday fluctuation of 5.55%. In terms of moving averages, the stock is currently above the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average.

In the broader context, India Motor Parts & Accessories has recorded a 1-month performance of 6.59%, slightly trailing the Sensex's 6.80%. The stock's beta of 1.35 indicates that it tends to experience larger price movements compared to the market, highlighting its high beta status in the auto components and equipment industry.