Steel Strips Wheels Ltd's stock sees decline, underperforms sector by -6.44%

Steel Strips Wheels Ltd, a smallcap company in the auto ancillary industry, saw a decline in its stock price today. According to MarketsMOJO, the stock opened with a loss of -6.25% and underperformed the sector by -6.44%. This marks the second consecutive day of losses for the company, with a total decline of -6.44% in this period.

The stock also opened with a gap down of -6.25% today and touched an intraday low of Rs 252.85 (-7.01%). This is a significant drop for the company, which has been performing well in the market.

However, despite the recent decline, Steel Strips Wheels Ltd's stock is still higher than its 200 day moving average. It is, however, lower than its 5 day, 20 day, 50 day, and 100 day moving averages. This indicates a mixed trend for the company's stock in the short term.

In comparison to the Sensex, Steel Strips Wheels Ltd's stock performance has been negative in the past 1 day and 1 month, with a decline of -6.62% and -0.68% respectively. This is in contrast to the Sensex's performance of 0.08% and 0.14% in the same time periods.

Overall, MarketsMOJO has given a 'Hold' call for Steel Strips Wheels Ltd's stock. Investors should keep an eye on the company's performance in the coming days to make informed decisions about their investments.