Minda Corporation's Stock Sees -6.18% Decline, Underperforms Auto Ancillary Sector

Minda Corporation, a leading auto ancillary company in the midcap sector, saw a decline of -6.18% in its stock price on September 6th, 2024. This drop was in line with the overall performance of the auto ancillary sector, which fell by -2.35% on the same day.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Minda Corporation is 'Hold'. The stock has also underperformed the sector by -3.67% on the day, indicating a downward trend.

The stock has also seen a trend reversal, falling after three consecutive days of gains. It touched an intraday low of Rs 550.85, a decrease of -6.04%. However, it is still performing well in the long term, with its moving averages higher than 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the overall market performance, Minda Corporation's stock has seen a decline of -6.11% in the past day, while the Sensex has only fallen by -1.30%. However, in the past month, the stock has outperformed the Sensex with a growth of 6.78% compared to the Sensex's 3.24%.

Overall, Minda Corporation's stock is currently in a downward trend, but it has shown strong performance in the long term. Investors may want to hold onto their stocks for now and keep an eye on the company's future performance.