Subros Ltd Remains Strong in Auto Ancillary Industry Despite Market Dip

Aug 05 2024 09:40 AM IST
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Subros Ltd, a smallcap company in the auto ancillary industry, has been in the spotlight in the stock market. Despite a slight dip in performance today, the stock has been given a 'Buy' call by MarketsMojo. It opened with a loss of -5.3%, in line with the sector's -2.82% decrease, but still outperforms its moving averages.


Subros Ltd, a smallcap company in the auto ancillary industry, has been making headlines in the stock market recently. Despite a slight dip in performance today, the stock has been given a 'Buy' call by MarketsMOJO.

The stock opened with a loss of -5.3% today, but this is in line with the overall performance of the auto ancillary sector, which has fallen by -2.82%. Subros Ltd's stock touched an intraday low of Rs 649.95 (-5.31%), but it is still performing well compared to its 100 day and 200 day moving averages.

In terms of overall performance, Subros Ltd has seen a -2.94% decrease in the past day, while the Sensex has seen a -1.96% decrease. However, over the past month, Subros Ltd has seen a -5.23% decrease, while the Sensex has only seen a -0.75% decrease. This shows that Subros Ltd is still a strong player in the market, despite the recent dip in performance.

Subros Ltd's stock may have opened with a loss today, but it is still a promising company in the auto ancillary industry. With a 'Buy' call from MarketsMOJO and a strong performance compared to its moving averages, Subros Ltd is definitely a stock to keep an eye on.
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