Wheels India . Stock Sees -7.44% Decline, Rated 'Hold' by MarketsMOJO

Wheels India ., a smallcap company in the auto ancillary industry, has seen a decline of -7.44% in its stock price on August 5th, 2024. This drop in stock price has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has been a part of the Momentumnow Stocks on MarketsMOJO since July 1st, 2024. On the day of the decline, the stock underperformed the sector by -0.56% and touched an intraday low of Rs 773, which is a decrease of -7.12%.

Despite this recent decline, Wheels India . has been performing well in the long term, with its moving averages being higher than the 100 day and 200 day moving averages. However, in the short term, the stock is currently lower than the 5 day, 20 day, and 50 day moving averages.

The auto ancillary sector as a whole has also seen a decline of -6.09%, indicating a larger trend in the industry.

In comparison to the overall market performance, Wheels India .'s stock has underperformed the Sensex by -7.71% in the past day and -12.84% in the past month. This is in contrast to the Sensex's performance of -3.25% and -2.06% in the same time periods.

While the recent decline in stock price may be a cause for concern, it is important to note that Wheels India . is a smallcap company and may experience more volatility in its stock price. Investors are advised to do their own research and make informed decisions before investing in the company.