Munjal Auto Industries Ltd. Outperforms Sector and Sensex, Receives 'Buy' Call from MarketsMOJO

Oct 08 2024 02:15 PM IST
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Munjal Auto Industries Ltd., a smallcap auto ancillary company, saw a positive movement in its stock on October 8th, 2024, gaining 8.08% and outperforming the sector by 5.04%. This caught the attention of MarketsMojo, who have given a 'Buy' call for the stock. The company's strong financials and consistent growth in the industry make it a promising investment option.


Munjal Auto Industries ., a smallcap auto ancillary company, has been making headlines in the stock market with its recent performance. On October 8th, 2024, the company's stock gained 8.08%, outperforming the sector by 5.04%. This positive movement has caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

The stock opened with a loss of -2.05% today, but quickly recovered and touched an intraday high of Rs 125.4, a 7.18% increase from the previous day's close. The intraday low was Rs 114.6, showing a slight dip of -2.05%. However, the stock's moving averages are all higher than the 5 day, 50 day, 100 day, and 200 day moving averages, indicating a positive trend.

In comparison to the Sensex, Munjal Auto Industries Ltd. has outperformed with a 1 day performance of 8.12% versus Sensex's 0.84%. Even in the past month, the company's performance has been better than the Sensex, with a -3.47% change compared to Sensex's 0.67%.

This recent surge in stock price can be attributed to the company's strong financials and consistent growth in the auto ancillary industry. With a 'Buy' call from MarketsMOJO, investors can be confident in the potential of Munjal Auto Industries Ltd. as a profitable investment option.
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