Precision Camshafts Stock Sees -7.63% Decline, MarketsMOJO Gives 'Hold' Call

Precision Camshafts, a smallcap company in the auto ancillary industry, saw a decline of -7.63% in its stock price on October 7th, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock. The stock opened with a gain of 7.78% today, but quickly fell to touch an intraday low of Rs 213.85, a decrease of -7.04%. This high volatility was reflected in the stock's intraday volatility of 12.64%, calculated from the weighted average price. Precision Camshafts has been on a downward trend for the last 3 days, with a consecutive fall of -14.52% in this period. However, it is still performing better than the Auto Ancillary sector, which has fallen by -2.44%. In terms of moving averages, the stock is currently higher than its 100 day moving average, but lower than its 5 day, 20 day, 50 day, and 200 day moving averages. This indicates a mixed trend for the stock. In comparison to the Sensex, Precision Camshafts has underperformed with a -7.48% return in the last 1 day and a -16.97% return in the last 1 month, while the Sensex has only seen a -0.86% and -0.25% return in the same periods, respectively. Overall, Precision Camshafts has seen a decline in its stock price and is currently facing high volatility. Investors are advised to hold their positions and monitor the stock's performance closely.