Timken India's Stock Declines -3.0% on October 22, 'Hold' Call by MarketsMOJO

Timken India, a leading manufacturer of bearings in the largecap industry, has seen a decline of -3.0% in its stock on October 22, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on its performance.

In terms of price summary, Timken India has underperformed the sector by -2.21% on the day. The stock has also been on a downward trend for the past four days, with a fall of -8.02% during this period. On October 22, the stock touched an intraday low of Rs 3535.35, showing a decline of -2.85%.

Timken India's performance is also lower than the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a consistent downward trend in the stock's performance.

In comparison to the Sensex, Timken India's 1 day performance is -3.00%, while the Sensex has only seen a decline of -0.44%. Over the past month, Timken India's performance has been -8.10%, while the Sensex has seen a decline of -4.44%.

While Timken India remains a key player in the bearings industry, its recent stock performance has been lackluster. Investors are advised to hold their positions and monitor the stock's performance closely.