BKT Stock Sees Decline of -3.36%, Underperforming Sector by -2.44%

Balkrishna Industries Ltd. (BKT) is a leading player in the tyre and allied industry, with a large market capitalization. However, on October 4th, 2024, the company's stock saw a decline of -3.36%, underperforming the sector by -2.44%. This marks the second consecutive day of losses for BKT, with a total fall of -6.15% in the past two days.

The stock's performance today was also reflected in its intraday low of Rs 2871, which was -3.16% lower than its previous closing price. While BKT's stock is currently trading higher than its 200-day moving average, it is lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the overall market performance, BKT's stock saw a decline of -3.22% in the past day, while the Sensex only saw a decline of -0.56%. Similarly, in the past month, BKT's stock saw a decline of -2.92%, while the Sensex only saw a decline of -0.38%.

MarketsMOJO has given a 'Hold' call for BKT's stock, indicating that investors should hold onto their current positions. This information is based on the stock's performance and does not include any external data or recommendations from experts or investors. As a largecap company in the tyre and allied industry, BKT's stock performance is closely watched by investors and analysts.