Sharda Motor Industries Shows Strong Rebound Amid Broader Market Decline

Sharda Motor Industries, a midcap player in the auto ancillary sector, has shown significant activity today, gaining 6.47% as of March 28, 2025. This performance marks a notable trend reversal after three consecutive days of decline. The stock opened with a gain of 2.14% and reached an intraday high of Rs 1701.75, reflecting a 7.48% increase at its peak.
In terms of performance metrics, Sharda Motor Industries has outperformed its sector by 4.96% today. Over the past week, the stock has risen by 11.76%, while its one-year performance stands at an impressive 23.24%, significantly surpassing the Sensex's 5.21% increase during the same period. However, the stock has faced challenges in the short term, with a decline of 15.05% over the past three months.

Currently, Sharda Motor Industries is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages. This performance comes amid a broader market context where the Sensex has experienced a decline after a positive opening, currently trading at 77,451.30, down 0.2%.