NDR Auto Components' Stock Sees -7.26% Decline, Outperforms Market in Long Term

NDR Auto Components, a smallcap company in the auto ancillary industry, saw a decline of -7.26% in its stock price on October 4th, 2024. This drop was in line with the overall performance of the sector, as the company underperformed by -5.94%. According to MarketsMOJO, a leading stock analysis platform, the current recommendation for NDR Auto Components is 'Hold'. This is based on the company's recent performance and market trends. On October 4th, the stock touched an intraday low of Rs 801, representing a decrease of -9.08%. However, NDR Auto Components' moving averages are showing a positive trend, with the stock trading higher than its 50-day, 100-day, and 200-day moving averages. It is worth noting that the stock is currently lower than its 5-day and 20-day moving averages. In comparison to the overall market performance, NDR Auto Components' stock saw a decline of -6.40% on October 4th, while the Sensex only saw a decrease of -0.18%. However, over the past month, NDR Auto Components has outperformed the Sensex with a growth of 1.81% compared to the Sensex's 0.00% performance. Overall, NDR Auto Components' stock has shown mixed performance in recent times. While it has underperformed the sector in the short term, it has outperformed the market in the longer term. Investors are advised to closely monitor the company's performance and market trends before making any investment decisions.