SKF India Ltd. Stock Shows Strong Performance and High Volatility on October 9th, 2024
On October 9th, 2024, SKF India Ltd. saw a 3.9% increase in stock performance, outperforming the sector by 3.43%. The stock opened with a gain of 3.96% and reached an intraday high of Rs 5452, indicating strong buying interest. Moving averages suggest a positive trend, and the stock has consistently outperformed the Sensex in the last 2 days and 1 month. MarketsMojo has given a 'Hold' call for SKF India Ltd.
SKF India Ltd., a leading player in the bearings industry, has seen a positive trend in its stock performance on October 9th, 2024. The stock has gained 3.9% on this day, outperforming the sector by 3.43%. MarketsMOJO, a renowned stock analysis platform, has given a 'Hold' call for SKF India Ltd.
The stock opened with a gain of 3.96% and touched an intraday high of Rs 5452, showing a high volatility of 25.59%. This indicates a strong buying interest in the stock. In the last 2 days, the stock has gained 5.13% returns, showcasing a consecutive gain.
The moving averages for SKF India Ltd. are higher than the 5-day, 20-day, 50-day, and 200-day moving averages, but lower than the 100-day moving average. This suggests a positive trend in the stock's performance.
In comparison to the Sensex, SKF India Ltd. has outperformed with a 1-day performance of 3.90% as opposed to Sensex's 0.17%. In the last 1 month, the stock has also outperformed the Sensex with a 2.67% return as compared to Sensex's 0.26% return.
Overall, SKF India Ltd. has shown a strong performance in the stock market on October 9th, 2024, with a positive trend and high volatility. MarketsMOJO's 'Hold' call further adds to the confidence in the stock.
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