Z F Steering Gear (India) Ltd's Stock Price Surges 11.29% on October 8th, Outperforming Sector by 5.46%

Oct 08 2024 10:30 AM IST
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Z F Steering Gear (India) Ltd, a leading auto ancillary company, saw a significant increase in its stock price on October 8th, 2024, gaining 11.29%. This comes after 7 days of falling prices, indicating a possible trend reversal. The stock is currently trading higher than its moving averages and has outperformed the sector by 5.46%. MarketsMojo has given a 'Hold' call, showing the company's stability and potential for growth.


Z F Steering Gear (India), a leading auto ancillary company, has seen a significant increase in its stock price on October 8th, 2024. The stock has gained 11.29%, outperforming the sector by 5.46%. This comes after 7 consecutive days of falling stock prices, indicating a possible trend reversal.

The stock opened with a gap up of 11.02% and touched an intraday high of Rs 1616. This is a positive sign for investors, as the stock is currently trading higher than its 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day and 20-day moving averages.

Z F Steering Gear (India) Ltd has shown a strong performance in the past month, with a gain of -4.98%, while the Sensex has only seen a gain of 0.17%. This shows the company's resilience in the face of market fluctuations.

MarketsMOJO has given a 'Hold' call for Z F Steering Gear (India) Ltd, indicating that the stock is expected to perform steadily in the near future. This is a positive sign for investors, as it shows the company's stability and potential for growth.

Overall, Z F Steering Gear (India) Ltd has shown a strong performance in the auto ancillary industry, and its recent stock price increase is a testament to its potential. With a 'Hold' call from MarketsMOJO, investors can expect steady growth from this smallcap company.
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