Steel Strips Wheels' Stock Sees Decline, Underperforms Auto Ancillary Sector
Steel Strips Wheels, a smallcap company in the auto ancillary industry, saw a decline in its stock price on August 5th, 2024. According to MarketsMojo, the stock has been given a 'Sell' call and is currently trading lower than its moving averages. The auto ancillary sector as a whole has also seen a decline, indicating underperformance in the market.
Steel Strips Wheels, a smallcap company in the auto ancillary industry, has seen a decline in its stock price on August 5th, 2024. According to MarketsMOJO, the stock has been given a 'Sell' call.
The stock opened with a loss of -9.92% today and touched an intraday low of Rs 211.5. It has also underperformed the sector by -1.64%. Steel Strips Wheels is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.
The auto ancillary sector as a whole has also seen a decline of -5.3%. In comparison, the Sensex has only seen a decline of -2.87% in the same time period.
In the past month, Steel Strips Wheels has seen a decline of -10.22%, while the Sensex has only seen a decline of -1.67%. This indicates that the company's stock has been underperforming in the market.
Investors and experts are advised to take note of this decline in Steel Strips Wheels' stock price and make informed decisions. It is important to keep in mind that this is a fact-based report and does not include any external data or sources.
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