Allied Digital Services' Stock Declines -7.08% on October 7th, Volatility Remains High

Allied Digital Services, a smallcap IT software company, experienced a decline of -7.08% on October 7th, 2024. The stock has been on a downward trend for the past three days, with a consecutive fall of -11.45% during this period. Today, the stock touched an intraday low of Rs 244, representing a decrease of -7.4%.

The stock has been highly volatile today, with an intraday volatility of 6.73%, calculated from the weighted average price. This indicates that the stock has been experiencing significant fluctuations in its price throughout the day.

Despite the recent decline, Allied Digital Services' performance over the past month has been -16.87%, compared to the Sensex's performance of -0.16%. Similarly, the stock has underperformed the sector by -6.78% today.

In terms of moving averages, Allied Digital Services' stock is currently higher than its 100-day and 200-day moving averages. However, it is lower than its 5-day, 20-day, and 50-day moving averages.

Based on these factors, MarketsMOJO has given a 'Hold' call for Allied Digital Services' stock. It is important to note that this is not a recommendation, but rather a fact-based analysis of the stock's performance. Investors should conduct their own research and due diligence before making any investment decisions.