Sharda Motor Industries' Stock Sees 5th Consecutive Day of Decline, Still Outperforms Market
Sharda Motor Industries, a midcap auto ancillary company, experienced a decline in its stock price today, opening with a loss of -5.29%. This marks the fifth consecutive day of losses for the company, with a total decline of -16.87% in this period. Despite this, the stock is still performing better than the overall market and has been given a 'Hold' call by MarketsMojo.
Sharda Motor Industries, a midcap auto ancillary company, saw a decline in its stock price today. The stock opened with a loss of -5.29% and underperformed the sector by -4.94%. This marks the fifth consecutive day of losses for the company, with a total decline of -16.87% in this period.
The stock also opened with a gap down of -5.29% today and touched an intraday low of Rs 1949 (-5.39%). While the stock's performance is still 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' 1 day performance is -3.57% while the Sensex's performance is -0.16%. Similarly, the company's 1 month performance is -7.05% compared to the Sensex's -3.48%.
Based on these numbers, MarketsMOJO has given a 'Hold' call for Sharda Motor Industries' stock. While the company's stock has seen a decline in recent days, it is still performing better than the overall market. Investors may want to hold onto their shares for now and monitor the company's performance in the coming days.
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