Rico Auto Industries' Stock Sees -7.02% Decline Amid Sector Underperformance

Rico Auto Industries, a smallcap company in the auto ancillary industry, has seen a decline of -7.02% in its stock price on March 13, 2024. This decline has been attributed to the overall underperformance of the sector, with the stock falling -3.77% below the sector's average.

The stock has been on a downward trend for the past three days, with a consecutive fall of -15.37% during this period. It reached an intraday high of Rs 131.3, showing a 4.7% increase, but also touched an intraday low of Rs 117.1, indicating a -6.62% decrease. The stock has been highly volatile today, with an intraday volatility of 6.85%.

Despite the recent decline, Rico Auto Industries' stock is still performing well in the long term. It is currently trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages, but lower than its 5-day moving average.

In comparison to the overall performance of the auto ancillary sector, which has fallen by -2.94%, Rico Auto Industries' stock has underperformed. However, it is important to note that the company's stock has outperformed the Sensex, with a 1-day performance of -7.58% compared to the Sensex's -0.86% performance. In the past month, the stock has also outperformed the Sensex, with a 27.71% increase compared to the Sensex's 2.06% increase.

Based on these factors, MarketsMOJO has given a 'Hold' call for Rico Auto Industries' stock. It is important to note that this is not a recommendation, but rather a fact-based analysis of the stock's performance. Investors should conduct their own research and make informed decisions before investing in any company.