Varroc Engineering's Stock Declines by -5.16% on October 22, Recommended 'Sell' by MarketsMOJO.

Varroc Engineering, a leading auto ancillary company, has seen a decline in its stock price by -5.16% on October 22, 2024. This has been reflected in the stock call given by MarketsMOJO, which has recommended a 'Sell' for the company's stock.

The stock has underperformed the sector by -2.48% on the same day. This is a continuation of the downward trend for Varroc Engineering, as it has been losing for the past 5 days and has fallen by -9.39% during this period. The stock also touched an intraday low of Rs 529.55, which is a decrease of -5.2%.

In terms of moving averages, Varroc Engineering is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a negative trend for the company's stock.

The auto ancillary sector as a whole has also seen a decline of -2.87%, further adding to the negative sentiment for Varroc Engineering.

In comparison to the overall market performance, Varroc Engineering has underperformed the Sensex by -1.21% in the past day and by -5.57% in the past month.

These numbers suggest a downward trend for Varroc Engineering's stock and investors may want to consider the 'Sell' recommendation given by MarketsMOJO. However, it is important to note that this is not a recommendation from experts or investors, but rather a fact-based analysis of the company's stock performance.