Blue Jet Healthcare's Stock Sees Decline Amidst Sector Gain, MarketsMOJO Calls 'Hold'

Blue Jet Healthcare, a midcap company in the medical equipment/supplies/accessories industry, has recently seen a decline in its stock price. On October 22, 2024, the company's stock lost -5.05%, underperforming the sector by -6.13%. This has led to a 'Hold' call by MarketsMOJO.

The stock has been on a consecutive fall for the last two days, with a -7.94% decrease in returns during this period. On the same day, the stock touched an intraday low of Rs 475.2, a decrease of -5.39%. However, the stock's moving averages are still higher than the 100-day and 200-day averages, but lower than the 5-day, 20-day, and 50-day averages.

In comparison, the medical equipment/supplies/accessories sector has seen a gain of 2.65%. Blue Jet Healthcare's performance in the last 1 day and 1 month has been -5.20% and -8.78% respectively, while the Sensex's performance during the same periods has been -1.11% and -5.08%.

Blue Jet Healthcare's stock decline may be a cause for concern for investors, but it is important to note that this is just one day's performance and should not be used as a basis for future potential or expert recommendations. As a midcap company in the medical equipment/supplies/accessories industry, Blue Jet Healthcare's performance should be monitored closely, but it is always advisable to make investment decisions based on fact-based analysis rather than speculation.