Munjal Showa Hits New Low Amid Broader Auto Ancillary Sector Decline

Feb 11 2025 03:35 PM IST
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Munjal Showa, a microcap in the auto ancillary sector, has reached a new 52-week low, continuing a downward trend with a 7.91% decline over three days. The stock is trading below key moving averages, while the broader sector has also faced challenges, reflecting a 3.95% drop.
Munjal Showa, a microcap player in the auto ancillary industry, has experienced significant activity today, reaching a new 52-week low of Rs. 131. This decline marks a continuation of a downward trend, with the stock losing ground for three consecutive days, resulting in a total drop of 7.91% during this period.

Opening the day with a gap down of 3.74%, Munjal Showa touched an intraday low of Rs. 131, reflecting a decrease of 3.99% from the previous close. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its performance metrics.

In the broader context, the auto ancillary sector has also faced challenges, with a decline of 3.95%. Over the past year, Munjal Showa has seen a performance drop of 29.72%, contrasting sharply with the Sensex, which has gained 6.56%. Despite the current challenges, the stock offers a high dividend yield of 3.3% at its present price.
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