IDFC Stock Declines by -5.34% and Labeled as 'Sell' by MarketsMOJO

Apr 29 2024 09:35 AM IST
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IDFC, a midcap finance and NBFC company, saw a -5.34% decline in its stock price on April 29, 2024. This underperformance is reflected in the 'Sell' label given by MarketsMojo. Despite higher moving averages, the stock opened with a loss of -3.34% and has fallen after two days of gains. In comparison to Sensex, IDFC's performance in the past day and month has been -5.50% and 8.68%, respectively. Investors should monitor the stock's performance for future decisions.

IDFC, a midcap finance and non-banking financial company (NBFC), has seen a decline in its stock price by -5.34% on April 29, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has labeled the stock as a 'Sell'.

The stock's performance today has underperformed the sector by -5.77%, indicating a negative trend. This is further supported by the fact that the stock has fallen after two consecutive days of gains. Additionally, the stock opened with a loss of -3.34% today and touched an intraday low of Rs 120.3, which is a decline of -5.46%.

Despite this recent decline, IDFC's moving averages are still higher than its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is currently lower than its 5-day moving average.

In comparison to the Sensex, IDFC's performance in the past day and month has been -5.50% and 8.68%, respectively. This is in contrast to the Sensex's performance of 0.59% and 0.69% in the same time periods.

Overall, IDFC's stock has seen a decline in its price and is currently labeled as a 'Sell' by MarketsMOJO. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.
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