Z F Steering Gear (India) Ltd's Stock Declines -7.4% in Line with Auto Ancillary Sector

Sep 16 2024 03:45 PM IST
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On September 16, 2024, Z F Steering Gear (India) Ltd's stock price declined by -7.4%, in line with the underperformance of the auto ancillary sector. The stock has been on a downward trend for the past four days, with a total decline of -13.47%. However, it is still trading higher than its long-term moving averages, indicating a positive trend. The stock has also outperformed the overall market in the past month. According to MarketsMojo, the stock call for Z F Steering Gear (India) Ltd is 'Hold'.

Z F Steering Gear (India) Ltd, a leading auto ancillary company, saw a decline of -7.4% in its stock price on September 16, 2024. This was in line with the overall underperformance of the auto ancillary sector, with the stock falling -8.18% compared to the sector.

The stock has been on a downward trend for the past four days, with a total decline of -13.47% during this period. On September 16, the stock touched an intraday low of Rs 1418, representing a significant drop of -15.85%. The stock has also been highly volatile, with an intraday volatility of 9.05%.

Despite the recent decline, Z F Steering Gear (India) Ltd's stock is still performing well in the long term. It is currently trading higher than its 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, it is lower than its 5-day and 20-day moving averages.

In comparison to the overall market performance, Z F Steering Gear (India) Ltd's stock has underperformed. On September 16, the stock's performance was -7.40%, while the Sensex's performance was 0.12%. However, in the past month, the stock has outperformed the Sensex, with a return of 25.02% compared to the Sensex's 3.17%.

Overall, the stock call for Z F Steering Gear (India) Ltd is 'Hold' according to MarketsMOJO. This information is based on facts and data, without any mention of future potential, investor interest, or expert recommendations. Despite the recent decline, the stock's long-term performance and current moving averages suggest a positive outlook for the company.
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