Maruti Suzuki India's Stock Sees Dip on August 5th, But Outperforms Sector and Receives 'Buy' Call from MarketsMOJO

Aug 05 2024 01:35 PM IST
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Maruti Suzuki India's stock has seen a dip in price on August 5th, 2024, but has outperformed the sector and received a 'Buy' call from MarketsMojo. It has also seen a decline in the past day, but has shown positive performance in the past month.

Maruti Suzuki India, one of the leading players in the Indian auto industry, has seen a dip in its stock price on August 5th, 2024. The stock has lost -4.81% on this day, underperforming the sector by 0.36%. This is in line with the overall trend in the auto - cars sector, which has fallen by -5.13%.

Despite this recent dip, MarketsMOJO has given a 'Buy' call for Maruti Suzuki India's stock. The company's performance today has also outperformed the sector by 0.36%. However, the stock has been on a downward trend for the past 2 days, with a consecutive fall of -8.85% in this period. It also opened with a gap down of -2.8% today and touched an intraday low of Rs 12050 (-5.35%).

When compared to the moving averages, Maruti Suzuki India's stock is currently higher than the 200 day moving average but lower than the 5 day, 20 day, 50 day, and 100 day moving averages. This indicates a mixed trend for the stock in the short term.

In terms of performance, Maruti Suzuki India's stock has seen a -4.29% decline in the past 1 day, while the Sensex has seen a -2.77% decline. However, in the past 1 month, Maruti Suzuki India's stock has seen a 0.65% increase, while the Sensex has seen a -1.57% decline.

Overall, while Maruti Suzuki India's stock has seen a dip in its price on August 5th, 2024, it has been performing better than the overall sector and has received a 'Buy' call from MarketsMOJO. Investors should keep an eye on the stock's performance in the short term, while also considering its positive performance in the past month.
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