Indegene's Stock Declines -5.2% in Line with Sector Underperformance on October 21, 2024

Indegene, a midcap IT software company, saw a decline of -5.2% in its stock on October 21, 2024. This drop was in line with the overall underperformance of the sector, with the stock falling -4.84% below the sector's performance. The stock touched an intraday low of Rs 661.95, a decrease of -5.44% from the previous day's closing price.

Despite this recent decline, Indegene's stock is still performing well in the long term. It is currently trading higher than its 50-day, 100-day, and 200-day moving averages. However, it is currently lower than its 5-day and 20-day moving averages.

On the same day, MarketsMOJO has given a 'Hold' call for Indegene's stock. This means that the company's stock is expected to perform in line with the market and there is no recommendation to buy or sell at this time.

In comparison to the overall market performance, Indegene's stock has underperformed with a -5.39% decrease, while the Sensex has only seen a -0.30% decrease. However, in the past month, Indegene's stock has performed better with a 0.44% increase, while the Sensex has seen a -4.21% decrease.

Overall, Indegene's stock has seen some fluctuations in its performance, but it is still trading above its long-term moving averages. Investors may want to keep an eye on the company's stock and monitor its performance in the coming days.