Timken India's Stock Declines -4.08% and Rated 'Hold' by MarketsMOJO.

Timken India, a leading player in the bearings industry, saw a decline of -4.08% in its stock price on October 18, 2024. This underperformance was reflected in the stock's call by MarketsMOJO, which rated it as 'Hold'.

The stock's performance today was -1.97% lower than the sector's performance, indicating a downward trend. This is further supported by the fact that the stock has been on a consecutive fall for the last 2 days, with a total decline of -5.03% during this period.

On the day of October 18, Timken India's stock touched an intraday low of Rs 3649.95, showing a decrease of -4.09%. The stock's moving averages also suggest a downward trend, with it being higher than the 200 day moving average but lower than the 5 day, 20 day, 50 day, and 100 day moving averages.

The bearings industry as a whole has also seen a decline of -2.11%, further indicating a negative sentiment in the market.

In comparison to the Sensex, Timken India's stock performance has been -4.08% in the last 1 day and -2.63% in the last 1 month, while the Sensex has seen a decline of -0.56% and -2.89% respectively.

Overall, Timken India's stock has seen a decline in its performance and is currently rated as 'Hold' by MarketsMOJO. Investors are advised to keep a close eye on the stock's movement in the coming days.