Coforge Stock Sees Decline, MarketsMOJO Calls for 'Hold' Rating

Coforge, a leading IT software company, has recently seen a decline in its stock price. On October 21, 2024, the company's stock lost 3.0%, underperforming the sector by 2.3%. This has led to a 'Hold' call by MarketsMOJO for the stock.

The stock has been on a consecutive fall for the last two days, with a decline of 3.22% during this period. On the same day, the stock also touched an intraday low of Rs 7018.15, a decrease of 2.82%. However, the stock's moving averages are still higher than the 50-day, 100-day, and 200-day moving averages, but lower than the 5-day and 20-day moving averages.

In comparison to the Sensex performance, Coforge's 1-day performance is -3.00%, while the Sensex has only seen a decline of 0.30%. Over the past month, Coforge's performance has been relatively better with a 1.04% increase, while the Sensex has seen a decline of 4.21%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is also not making any recommendations or mentioning any future potential for the company. As a largecap company in the IT software industry, Coforge's stock performance is closely watched by investors and analysts.