Sundaram Finance's Stock Declines by -3.05% in Line with Finance Sector Performance

Sundaram Finance, a leading non-banking financial company (NBFC) in India, saw a decline of -3.05% in its stock price on October 10, 2024. This drop was in line with the overall performance of the finance sector, as the company underperformed the sector by -3.37%. According to MarketsMOJO, a leading stock analysis and recommendation platform, the current stock call for Sundaram Finance is 'Hold'. This is based on the company's recent performance and market trends. On October 10, the stock touched an intraday low of Rs 5171.55, representing a -3.02% decrease from the previous day's closing price. The stock has been on a downward trend for the past two days, with a total decline of -3.46% during this period. Despite the recent decline, Sundaram Finance's stock price is still higher than its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is currently lower than its 5-day moving average. In comparison to the overall market performance, Sundaram Finance's stock has underperformed the Sensex by -2.83% in the past day and outperformed by 8.90% in the past month. As a largecap company in the finance sector, Sundaram Finance has a strong presence in the Indian market. However, investors should carefully monitor the company's performance and market trends before making any investment decisions.