TVS Motor Company's Stock Declines by -3.16% in Line with Automobile Industry Trend

TVS Motor Company, a leading player in the automobile two and three wheeler industry, saw a decline of -3.16% in its stock on October 17, 2024. This was in line with the overall trend in the sector, as the Automobile Two & Three Wheelers industry fell by -5.36%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, TVS Motor Company's stock is currently rated as 'Hold'. The stock has been losing for the past two days and has fallen by -5.41% during this period. It also touched an intraday low of Rs 2655, a decline of -4.17%.

Despite the recent dip in stock price, TVS Motor Company's performance today has outperformed the sector by 2.2%. However, the stock is currently trading lower than its 5 day, 20 day, and 50 day moving averages. It is, however, higher than its 100 day and 200 day moving averages.

In comparison to the overall market performance, TVS Motor Company's stock has underperformed. Its 1 day performance is -3.31% compared to the Sensex's 0.05% and its 1 month performance is -4.86% compared to the Sensex's -1.85%.

Overall, TVS Motor Company's stock is currently facing a downward trend, but it is still performing better than the sector. Investors are advised to hold their positions and monitor the stock's performance closely.