Maruti Suzuki India's Stock Faces Downward Trend, 'Hold' Call by MarketsMOJO.

Oct 29 2024 01:35 PM IST
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Maruti Suzuki India, a leading player in the Indian automobile industry, has seen a decline in its stock performance, with a -3.74% loss on October 29, 2024. The stock has been on a downward trend for 6 consecutive days, currently trading below its moving averages. The overall sector has also seen a decline. Investors are advised to hold their positions and monitor the stock closely.

Maruti Suzuki India, a leading player in the Indian automobile industry, has been facing a downward trend in its stock performance. On October 29, 2024, the company's stock lost -3.74%, underperforming the sector by -1.37%. This has led to a 'Hold' call by MarketsMOJO for the stock.

The stock has been on a consecutive fall for the last 6 days, with a total decline of -8.84% during this period. On the same day, the stock touched an intraday low of Rs 11063.4 (-3.65%). Maruti Suzuki's stock is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a negative trend.

The overall sector of Automobiles - Passenger Cars has also seen a decline of -2.49%. In comparison, Maruti Suzuki's 1 day performance is -4.88%, while the Sensex's performance is -0.12%. Similarly, the 1 month performance of Maruti Suzuki is -18.79%, while the Sensex has seen a decline of -6.62%.

Despite being a largecap company, Maruti Suzuki India's stock has been facing a downward trend in recent times. Investors are advised to hold their positions and monitor the stock's performance closely. This information is based on facts and is not influenced by any external sources or recommendations.
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