Blue Jet Healthcare Stock Drops -5.09% Amid Underperformance in Medical Equipment Sector

Sep 02 2024 02:05 PM IST
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Despite a recent decline, the stock remains above key moving averages and has received a 'Hold' rating from MarketsMojo.

Blue Jet Healthcare, a midcap company in the medical equipment industry, experienced a decline of -5.09% on September 2nd, 2024. This drop in stock price has been attributed to underperformance in the sector, with the stock falling -6.67% below the sector average. The stock also touched an intraday low of Rs 463, representing a -5.34% decrease.

Despite this recent decline, Blue Jet Healthcare's moving averages remain strong, with the stock trading higher than the 50, 100, and 200 day moving averages. However, it is currently lower than the 5 and 20 day moving averages.

On a broader scale, Blue Jet Healthcare's performance over the past month has been -8.05%, compared to the Sensex's 1.95% increase. This has led MarketsMOJO to give a 'Hold' rating for the stock.

It is important to note that this article is based on factual information and does not include any speculation about the company's future potential or any opinions from investors or experts. As a midcap company in the medical equipment industry, Blue Jet Healthcare's stock performance should continue to be monitored closely by investors.
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