TVS Motor Company's Stock Performance Sees Dip, But Long-Term Outlook Remains Positive

TVS Motor Company, one of the leading players in the Indian automobile industry, has recently faced a dip in its stock performance. On October 3rd, 2024, the company's stock saw a decline of -4.12%, underperforming the sector by -0.92%. This has led to a 'Buy' call by MarketsMOJO for the stock.

The stock has been on a downward trend for the past three days, with a fall of -7.51% in this period. It also opened with a gap down of -2.11% today and touched an intraday low of Rs 2718 (-4.3%). However, the stock's moving averages are still higher than the 50 day, 100 day, and 200 day moving averages, indicating a positive long-term trend.

In comparison, the Automobile Two & Three Wheelers sector has also seen a decline of -3.17%. Despite this, TVS Motor Company's 1-day performance is -3.96%, which is better than the Sensex's performance of -2.10%. Similarly, in the past month, the company's performance has been -2.01%, while the Sensex has seen a decline of -0.07%.

While the recent dip in TVS Motor Company's stock may be a cause for concern, it is important to note that the company's long-term performance has been positive. With a 'Buy' call from MarketsMOJO and a strong presence in the Indian automobile industry, TVS Motor Company continues to be a promising player in the market.