Maruti Suzuki India's Stock Sees Dip, But Long-Term Outlook Remains Positive

Maruti Suzuki India, one of the leading automobile companies in India, has seen a dip in its stock price on October 3rd, 2024. The stock has lost -4.21% on this day, underperforming the sector by -1.45%. This has been the third consecutive day of losses for the company, with a total fall of -6.26% in this period.

The stock opened with a gap down of -2.05% and touched an intraday low of Rs 12594.7, a decrease of -4.41%. However, the stock is still performing well in the long term, with its moving averages higher than 20 day, 50 day, 100 day, and 200 day moving averages. It is only lower than the 5 day moving average.

The overall action in the sector of Automobiles - Passenger Cars has also seen a decline of -3.01%. Despite this, MarketsMOJO has given a 'Buy' call for Maruti Suzuki India's stock, indicating a positive outlook for the company.

In comparison to the Sensex performance, Maruti Suzuki India's stock has underperformed with a -4.13% decrease, while the Sensex has only seen a -2.10% decrease. However, in the past month, Maruti Suzuki India's stock has shown a positive growth of 2.04%, while the Sensex has only seen a marginal decrease of -0.07%.

Overall, Maruti Suzuki India remains a strong player in the automobile industry, with a largecap size and a positive long-term outlook. Investors can consider this dip in stock price as a potential buying opportunity.