Sharda Motor Industries Shows Mixed Technical Trends Amid Market Volatility

Sharda Motor Industries, a midcap player in the Auto Components & Equipments sector, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 1046.75, slightly down from its previous close of 1050.00. Over the past year, the stock has experienced significant volatility, with a 52-week high of 1,431.58 and a low of 625.00.
In terms of technical indicators, the weekly MACD remains bullish, while the monthly perspective shows a mildly bearish trend. The Relative Strength Index (RSI) indicates a bearish stance on a weekly basis, with no signal on the monthly front. Bollinger Bands suggest a mildly bullish outlook weekly and bullish monthly. Moving averages indicate a bullish trend on a daily basis, while the KST shows a bullish weekly trend but mildly bearish monthly.

When comparing Sharda Motor's performance to the Sensex, the company has shown varied returns. Over the past week, the stock returned -14.27%, contrasting with the Sensex's -1.42%. However, on a year-to-date basis, Sharda Motor has outperformed the Sensex with a return of 12.86% compared to 5.27%. Notably, over a three-year period, the stock has surged by 182.73%, significantly outpacing the Sensex's 53.99% return. This performance highlights the company's resilience and adaptability in a competitive market landscape.