3i Infotech's Stock Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Oct 18 2024 09:35 AM IST
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3i Infotech, a microcap IT software company, has hit a 52-week low on October 18, 2024, with a stock price of Rs.28.2. MarketsMojo has given the stock a 'Strong Sell' rating and it has underperformed the sector by -0.69% today. The stock has been on a downward trend in the past 5 days and is trading below its moving averages, indicating a bearish sentiment.


3i Infotech, a microcap IT software company, has recently hit a 52-week low on October 18, 2024. This news has been confirmed by MarketsMOJO, who have given the stock a 'Strong Sell' rating. The stock's price has fallen to Rs.28.2, underperforming the sector by -0.69% today.

In the past 5 days, 3i Infotech's stock has been on a downward trend, with a -6.62% return. It is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish sentiment in the market towards the company's stock.

Looking at the company's performance over the past year, 3i Infotech has seen a decline of -26.89%, while the Sensex has shown a positive growth of 22.28%. This further highlights the underperformance of the company's stock in comparison to the overall market.

It is important to note that this news is based on factual data and does not include any external opinions or recommendations. As a microcap company in the IT software industry, 3i Infotech's stock may be more volatile and susceptible to market fluctuations. Investors are advised to do their own research and make informed decisions before investing in the company's stock.
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