ICICI Securities Stock Sees Dip, But MarketsMOJO Recommends 'Buy' Amidst Strong Industry Standing

ICICI Securities, a leading finance and NBFC company, has recently seen a dip in its stock price. On March 11, 2024, the company's stock lost -3.29%, underperforming the sector by -3.47%. However, despite this recent decline, MarketsMOJO has given a 'Buy' call for ICICI Securities.

The stock's price summary shows that it touched an intraday low of Rs 766.5 (-3.31%) and is currently trading 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 terms of performance, ICICI Securities has underperformed the Sensex by -3.28% in the past day and -4.70% in the past month. However, the Sensex has also seen a decline of -0.62% and an increase of 2.88% in the same time periods, respectively.

Despite the recent dip in stock price, ICICI Securities remains a strong player in the finance and NBFC industry. With a largecap size, the company has a solid foundation and is well-positioned for future growth. Investors can take advantage of the current market conditions and consider buying ICICI Securities stock, as suggested by MarketsMOJO.