Schaeffler India's Stock Declines by -3.19% in Line with Sector Trend

Schaeffler India, a leading player in the bearings industry, saw a decline of -3.19% in its stock price on November 13, 2024. This underperformance was in line with the overall trend in the sector, as the bearings industry as a whole fell by -2.09%.

According to MarketsMOJO, a leading stock analysis platform, the current recommendation for Schaeffler India's stock is 'Hold'. This is based on the stock's performance today, where it underperformed the sector by -0.94%. The stock also saw a trend reversal, falling after two consecutive days of gains.

On the day of November 13, Schaeffler India's stock touched an intraday low of Rs 3430.45, a decline of -3.45%. The stock is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend.

In comparison to the overall market performance, Schaeffler India's stock saw a decline of -3.19%, while the Sensex, India's benchmark index, saw a decline of -0.59%. Over the past month, Schaeffler India's stock has seen a decline of -11.61%, while the Sensex has seen a decline of -3.90%.

Despite the recent decline in stock price, Schaeffler India remains a strong player in the bearings industry, with a large market cap. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.