Schaeffler India Faces Trend Reversal Amid Broader Market Declines

Jan 24 2025 02:45 PM IST
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Schaeffler India has faced a decline on January 24, 2025, reversing a brief period of gains. The stock underperformed its sector and is trading below key moving averages, indicating a bearish trend. Over the past month, it has slightly underperformed compared to the broader market.
Schaeffler India, a prominent player in the bearings industry, has experienced a notable decline of 3.4% on January 24, 2025. This drop comes after a brief period of gains, marking a trend reversal as the stock has fallen following two consecutive days of positive performance.

On this trading day, Schaeffler India underperformed its sector, which saw an overall decline of 2.02%. The stock reached an intraday low of Rs 3,235.65, reflecting a decrease of 2.96% at its lowest point. Additionally, Schaeffler India is currently trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend in the short to medium term.

In terms of broader market performance, Schaeffler India's one-day decline of 3.28% contrasts with the Sensex, which fell by only 0.50%. Over the past month, the stock has decreased by 3.08%, slightly underperforming the Sensex's decline of 2.98%. These metrics highlight the current challenges faced by Schaeffler India within the larger market context.
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