The Hi-Tech Gears' Stock Sees 7.88% Decline in One Day, Underperforms Sector

The Hi-Tech Gears, a smallcap company in the auto ancillary industry, saw a decline of 7.88% in its stock price on October 24, 2024. This underperformance was reflected in the stock's opening, which saw a gap down of 4.32%. The stock also touched an intraday low of Rs 760, a decrease of 6.17%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for The Hi-Tech Gears is 'Hold'. This is based on the stock's performance today, where it underperformed the sector by 4.87%. The company's stock is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall market performance, The Hi-Tech Gears' stock has seen a decline of 7.88% in just one day, while the Sensex, India's benchmark index, saw a decrease of only 0.02%. Over the past month, the company's stock has seen a decline of 15.67%, while the Sensex saw a decrease of 5.71%.

While there has been no mention of investor interest or expert opinions, these facts and figures show a decline in the stock's performance. Investors may want to keep an eye on The Hi-Tech Gears and its future performance in the auto ancillary industry.