SKF India Ltd. Stock Price Declines by -3.57% Amidst Market Volatility.

SKF India Ltd., a leading player in the bearings industry, has seen a decline of -3.57% in its stock price on October 7th, 2024. This underperformance is reflected in the stock's 'Hold' rating by MarketsMOJO. The stock has been on a downward trend for the past three days, with a fall of -5.05% during this period. On the same day, the stock touched an intraday low of Rs 5180.45, showing a decline of -2.63%. 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 the bearings sector, SKF India Ltd. has seen a decline of -2.4%. This could be attributed to the overall market sentiment and economic conditions. In comparison to the Sensex, SKF India Ltd.'s performance has been -3.57% in the past day and -2.43% in the past month. In contrast, the Sensex has shown a decline of only -0.25% and a growth of 0.37% in the same periods, respectively. Despite the recent decline in stock price, SKF India Ltd. remains a strong player in the bearings industry. Investors are advised to hold their positions and monitor the stock's performance in the coming days.