Data Patterns Faces Continued Stock Decline Amid Broader Market Stability

Jan 22 2025 12:20 PM IST
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Data Patterns (India) Ltd has faced a significant decline in its stock performance, underperforming its sector and key moving averages. The company recorded a notable drop over the past two days and has seen a substantial decrease over the past month, contrasting sharply with broader market trends.
Data Patterns (India) Ltd, a midcap player in the IT software industry, has experienced a notable decline of 6.0% on January 22, 2025, continuing a downward trend that has seen the stock underperform its sector by 7.12%. Over the past two days, the stock has recorded a total drop of 8.41%.

On this trading day, Data Patterns reached an intraday low of Rs 2153, reflecting a decrease of 6.34%. The company's performance is significantly below key moving averages, as it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the context of broader market performance, Data Patterns' one-day decline of 5.89% stands in stark contrast to the Sensex, which saw a modest increase of 0.24%. Over the past month, the company's stock has fallen by 14.31%, while the Sensex has decreased by only 2.59%.
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