Recent Price Movement and Market Comparison
On 18 December, Honda India’s stock price slipped to an intraday low of ₹2,274.9, trading within a narrow range of just ₹20.1. The stock underperformed its sector by 1.4% on the day, signalling weaker buying interest compared to its industrial manufacturing peers. Furthermore, the share price remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent bearish trend in the short to long term.
When compared to the broader market, the stock’s performance has been lacklustre. Over the past week, Honda India declined by 2.83%, significantly underperforming the Sensex’s modest 0.40% gain. This trend extends over longer periods, with the stock falling 8.83% in th...
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