Steel Strips Wheels' Stock Sees -7.54% Decline, Underperforms Sector Average

Steel Strips Wheels, a smallcap company in the auto ancillary industry, saw a decline of -7.54% in its stock price on February 9th, 2024. This underperformance was reflected in the stock's performance today, as it fell -7.93% below the sector average. The stock has been on a downward trend for the past two days, with a consecutive fall of -8.01% during this period.

The stock opened with a gap down of -6.25% today, touching an intraday low of Rs 251 (-7.69%). Despite the stock's performance being higher than the 200-day moving average, it is currently lower than the 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the Sensex, Steel Strips Wheels' 1-day performance was -7.17%, while the Sensex only saw a -0.01% change. Over the past month, the company's stock has declined by -1.27%, while the Sensex has seen a slight increase of 0.05%.

Based on these numbers, MarketsMOJO has given a 'Hold' call for Steel Strips Wheels' stock. As a smallcap company in the auto ancillary industry, it is important for investors to keep an eye on the stock's performance and make informed decisions.