Rane (Madras) Ltd's Stock Price Declines -7.72% in Line with Auto Ancillary Sector Performance.
On October 25, 2024, Rane (Madras) Ltd, a smallcap company in the auto ancillary industry, saw a decline of -7.72% in its stock price, in line with the sector's underperformance. The stock has been on a downward trend for the past two days, with a total decline of -13.1%. It is currently trading below its moving averages, indicating a bearish trend. It has also underperformed the Sensex on both one-day and one-month basis. This article is based on factual information and does not provide any recommendations or predictions. Investors are advised to conduct their own research.
Rane (Madras) Ltd, a smallcap company in the auto ancillary industry, saw a decline of -7.72% in its stock price on October 25, 2024. This decline was in line with the overall underperformance of the sector, as the stock fell -4.08% below the sector's performance.
The stock has been on a downward trend for the past two days, with a total decline of -13.1% during this period. On October 25, the stock touched an intraday low of Rs 876.95, a decrease of -7.33% from the previous day's closing price.
Rane (Madras) Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock.
In comparison to the overall market performance, Rane (Madras) Ltd has underperformed the Sensex by -0.61% on a one-day basis and by -6.57% on a one-month basis.
It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of the company. Investors are advised to do their own research and make informed decisions.
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