TVS Motor Company's Stock Declines -3.26% in Line with Sector Underperformance.

Oct 24 2024 09:50 AM IST
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TVS Motor Company, a leading player in the Indian automobile industry, saw a -3.26% decline in its stock price on October 24, 2024, in line with the sector's underperformance. The stock has been on a downward trend for the past three days, but showed a slight positive movement today. It remains higher than its 200-day moving average, indicating a mixed trend in the short term.

TVS Motor Company, a leading player in the Indian automobile industry, saw a decline of -3.26% in its stock price on October 24, 2024. This was in line with the overall underperformance of the sector, with the stock falling -2.35% below the sector's performance.

The stock has been on a downward trend for the past three days, with a consecutive fall of -8.87% during this period. However, there was a slight positive movement today as the stock opened with a gain of 2.15%. The intraday high for the stock was Rs 2646.25, a 2.49% increase from the previous day's close. The stock also touched an intraday low of Rs 2490, a -3.56% decrease from the previous day's close.

In terms of moving averages, the stock is currently higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend for the stock in the short term.

On a comparative basis, TVS Motor Company's stock performance was -2.70% on the day, while the Sensex's performance was -0.26%. In the past month, the stock has seen a decline of -12.23%, while the Sensex has seen a decline of -5.93%.

Overall, the stock has been on a downward trend in the short term, but its long-term performance remains strong with a higher than 200-day moving average. Investors are advised to hold their positions in the stock, as recommended by MarketsMOJO. This is a neutral and informative update on the stock's recent performance, based on factual data.
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