Minda Corporation Faces Continued Stock Decline Amid Broader Market Weakness

Jan 27 2025 11:20 AM IST
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Minda Corporation's stock has declined for two consecutive days, dropping 5.35% today and totaling a 6.63% decrease over this period. Despite this downturn, the stock remains above several key moving averages and has shown an 8.32% increase over the past month, outperforming the Sensex.
Minda Corporation, a midcap player in the auto ancillary industry, has experienced a notable decline today, with its stock price dropping by 5.35% as of January 27, 2025. This performance marks a continuation of a downward trend, as the stock has now fallen for two consecutive days, resulting in a total decline of 6.63% over this period.

Today, Minda Corporation's stock reached an intraday low of Rs 539, reflecting a decrease of 5.5%. In comparison to the broader market, Minda Corporation underperformed its sector, which saw an overall decline of 3.81%. The stock's performance today also lagged behind the Sensex, which recorded a decrease of only 0.86%.

Despite the recent downturn, Minda Corporation's stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average. Over the past month, Minda Corporation has shown resilience with an 8.32% increase, contrasting with the Sensex's decline of 4.02%.
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