Data Patterns (India) Ltd's Stock Sees -6.26% Decline, MarketsMOJO Gives 'Hold' Call.

Aug 05 2024 09:32 AM IST
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On August 5th, 2024, Data Patterns (India) Ltd, a midcap IT software company, saw a -6.26% decline in its stock price, noted by MarketsMojo who have given a 'Hold' call. The stock has been losing for 5 days and is currently below its 5, 20, and 50 day moving averages, but still above its 100 and 200 day averages. Compared to the Sensex, the stock has underperformed in the last 1 day and 1 month. Investors are advised to hold their positions due to the stock's volatility and underperformance.

Data Patterns (India) Ltd, a midcap IT software company, saw a decline of -6.26% in its stock price on August 5th, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock opened with a loss of -4.49% and touched an intraday low of Rs 2975 (-5.91%). It has been losing for the last 5 days and has fallen -10.92% in this period. The stock has also been highly volatile today with an intraday volatility of 78.48%.

Despite the recent decline, Data Patterns (India) Ltd's stock is still 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.

In comparison to the Sensex, Data Patterns (India) Ltd's stock has underperformed with a -6.11% return in the last 1 day and a -12.47% return in the last 1 month, while the Sensex has only seen a -2.08% and -0.87% return, respectively.

Investors are advised to hold onto their positions in Data Patterns (India) Ltd for now, as the stock continues to show volatility and underperformance in the market.
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