Timken India's Stock Price Declines by 3.0% Amidst Negative Market Sentiment
On November 14, 2024, Timken India's stock price declined by -3.0% and is currently trading at Rs. 3290.1. This is reflected in the 'Sell' rating given by MarketsMojo. The stock has underperformed the sector and moving averages, indicating a downward trend. Despite this, Timken India remains a strong player in the bearings industry.
Timken India, a leading manufacturer of bearings in the Indian market, has seen a decline in its stock price on November 14, 2024. The stock has lost -3.0% and is currently trading at Rs. 3290.1. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Sell'.
The stock opened with a loss of -2.71% today, indicating a negative sentiment among investors. It also underperformed the sector by -1.37%. The stock touched an intraday low of Rs. 3290.1, which is a decrease of -3.23% from its previous closing price.
Timken India's performance in the short term has been lower than the moving averages of 5 day, 20 day, 50 day, 100 day and 200 day. This indicates a downward trend in the stock's performance.
In comparison to the overall market performance, Timken India has underperformed the Sensex by -0.26% in the last 1 day and -5.47% in the last 1 month. This could be attributed to various factors such as market conditions and company-specific developments.
Despite the recent decline in stock price, Timken India remains a largecap company in the bearings industry. As a leading manufacturer in the Indian market, the company has a strong presence and a solid track record. Investors should keep a close eye on the company's performance and any developments that may impact its stock price in the future.
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