Sharda Motor Industries sees 6.09% stock price growth, outperforms sector and Sensex

Sharda Motor Industries, a midcap company in the auto ancillary industry, has seen a positive growth in its stock price on October 31st, 2024. The stock has gained 6.09%, outperforming the sector by 5.19%. This has led to a 'Hold' call by MarketsMOJO.

The stock has been on a consecutive gain for the last 4 days, with a rise of 12.15% in this period. It also touched an intraday high of Rs 2300.7, showing a high volatility of 5.08%. This volatility is calculated from the weighted average price.

In terms of moving averages, the stock is currently higher than the 5 day, 20 day, and 200 day moving averages. However, it is lower than the 50 day and 100 day moving averages.

On a comparative note, Sharda Motor Industries has performed better than the Sensex in the last 1 day and 1 month, with a 4.70% and -7.61% return respectively. In comparison, the Sensex has shown a -0.39% and -5.50% return in the same time periods.

Overall, Sharda Motor Industries has shown a positive growth in its stock price, outperforming the sector and showing a consecutive gain in the last 4 days. However, it is important to note that this is not a recommendation and is based on factual data. Investors are advised to do their own research before making any investment decisions.