Varroc Engineering's Stock Price Drops -6.35% on October 7th, Rated 'Sell' by MarketsMOJO

Varroc Engineering, a leading auto ancillary company, has seen a decline in its stock price by -6.35% on October 7th, 2024. This has been reflected in the recent stock call by MarketsMOJO, which has rated the stock as 'Sell'. The stock has also underperformed the sector by -3.89% on the same day.

In the past three days, Varroc Engineering has been on a downward trend, with a fall of -7.66% in its returns. On October 7th, the stock touched an intraday low of Rs 544.35, which is a decrease of -5.17% from its previous closing price. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the overall market performance, Varroc Engineering has shown a decline of -6.35%, while the Sensex has only decreased by -0.34% on the same day. In the past month, the stock has also underperformed the Sensex by -4.93%.

Despite these recent declines, Varroc Engineering remains a midcap company in the auto ancillary industry. As a neutral and informative news article, it is important to note that this is not a recommendation to buy or sell the stock. This information is based on facts and figures provided by the company and MarketsMOJO.