Sharda Motor Industries' Stock Sees -5.78% Decline, MarketsMOJO Recommends 'Hold' Rating

Sharda Motor Industries, a midcap auto ancillary company, saw a decline of -5.78% in its stock price on October 8th, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock has been on a downward trend for the past 6 days, with a total fall of -13.56% during this period. On October 8th, the stock touched an intraday low of Rs 2112.5, a decrease of -6.11%. While the stock's performance is higher than its 200-day moving average, it is lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the Sensex, Sharda Motor Industries' stock performance for the day was -5.58%, while the Sensex's performance was 0.05%. Over the past month, the stock has seen a decline of -18.44%, while the Sensex has only seen a slight decrease of -0.12%.

Sharda Motor Industries is a midcap company in the auto ancillary industry. While there has been no mention of any external factors affecting the stock's performance, investors may want to keep an eye on the company's future developments. As of now, MarketsMOJO advises a 'Hold' on the stock.