Schaeffler India's Stock Performance Shows Positive Trend, Outperforms Sector and Sensex

Schaeffler India, a leading manufacturer of bearings in India, saw a positive trend in its stock performance on October 14, 2024. The stock gained 3.27% and closed at Rs. 3985.75 on the BSE. This outperformed the sector by 2.06%, indicating a strong performance by the company.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock of Schaeffler India is currently rated as 'Hold'. This suggests that investors should hold on to their current positions in the stock.

In terms of price movement, Schaeffler India has been on a consecutive gain for the last 3 days, with a total rise of 4.04% during this period. The stock also touched an intraday high of Rs. 3997.3, showing a positive momentum in its price.

When compared to its moving averages, Schaeffler India's stock is currently higher than the 5-day, 20-day, 50-day, and 200-day moving averages. However, it is lower than the 100-day moving average, indicating a mixed trend in its price movement.

On the same day, Schaeffler India's stock performance was also better than the Sensex, with a 1-day return of 3.24% compared to the Sensex's 0.66%. In the last month, the stock has also outperformed the Sensex with a return of 1.34% compared to the Sensex's -1.17%.

Overall, Schaeffler India's stock has shown a positive trend in its performance, outperforming the sector and the Sensex. However, it is currently rated as 'Hold' by MarketsMOJO, suggesting a neutral stance for investors.