Motherson Sumi Wiring Hits 52-Week Low Amid Sustained Stock Decline

Dec 24 2024 10:05 AM IST
share
Share Via
Motherson Sumi Wiring India has experienced a notable adjustment in its evaluation, reflecting ongoing challenges in the auto ancillary sector. The stock has reached a new 52-week low and has been added to MarketsMojo's list, indicating a shift in market sentiment amid its recent performance struggles. The company's stock has been on a downward trend for nine consecutive days, significantly underperforming against the broader market. Over the past year, Motherson Sumi Wiring India has seen a decline, contrasting sharply with the positive performance of the Sensex. Currently, the stock trades below all major moving averages, underscoring a sustained period of weakness.
Motherson Sumi Wiring India, a prominent player in the auto ancillary sector, has recently reached a new 52-week low, with shares trading at Rs. 58.63 as of December 24, 2024. This decline marks a significant downturn for the company, which has experienced a consecutive fall over the past nine days, resulting in a total drop of 10.08% during this period.

In terms of performance metrics, Motherson Sumi Wiring's one-year performance stands at -4.30%, contrasting sharply with the Sensex, which has seen a gain of 10.66% over the same timeframe. The stock is currently trading below its moving averages across various timeframes, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging market position.

As a large-cap company in the auto ancillary industry, Motherson Sumi Wiring's recent performance reflects broader market trends and highlights the competitive landscape within the sector. Investors and analysts will be closely monitoring the company's next moves as it navigates these challenging conditions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News