Rane (Madras) Ltd's Stock Sees -7.38% Decline Amidst Sector Underperformance

Rane (Madras) Ltd, a smallcap company in the auto ancillary industry, saw a decline of -7.38% in its stock price on October 24, 2024. This drop was in line with the overall underperformance of the sector, with the stock falling -6.38% below the sector's performance.

The stock opened at Rs 1020 and touched an intraday low of Rs 940.3, showing a high volatility of 6.25%. This was calculated from the weighted average price. The stock's performance today was also lower than its 200-day moving average, but higher than its 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the Sensex, Rane (Madras) Ltd's performance was -7.38% on the same day, while the Sensex only saw a decline of -0.06%. Looking at the past month, the stock has underperformed the Sensex by -19.99%, while the Sensex has only seen a decline of -5.75%.

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 discuss future potential. As a smallcap company in the auto ancillary industry, Rane (Madras) Ltd's stock performance may be subject to volatility and investors should conduct their own research before making any investment decisions.