Z F Steering Gear Faces Significant Stock Decline Amid Broader Market Challenges

Feb 12 2025 09:45 AM IST
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Z F Steering Gear (India), a small-cap auto ancillary firm, has seen its stock decline significantly, underperforming its sector. The stock has dropped 13.71% over three days and is trading below key moving averages, reflecting ongoing bearish trends amid broader market challenges.
Z F Steering Gear (India), a small-cap player in the auto ancillary sector, has experienced significant downward movement in its stock price today, declining by 7.32%. This performance marks a notable underperformance compared to its sector, which saw a decline of only 4.3%. The stock has been on a downward trend for the past three days, accumulating a total loss of 13.71% during this period.

Today, Z F Steering Gear opened with a gap down, starting the trading session at a loss of 3.87%. Throughout the day, the stock reached an intraday low of Rs 1120, reflecting a decrease of 5.72%. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

In terms of broader market performance, Z F Steering Gear's one-month performance shows a decline of 21.34%, contrasting sharply with the Sensex, which has only decreased by 2.08% during the same timeframe. This data highlights the challenges faced by the company in the current market environment.
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