Indegene's Stock Sees -5.49% Decline, Rated 'Hold' by MarketsMOJO

Indegene, a midcap IT software company, has recently seen a decline in its stock price. On October 7th, 2024, the company's stock fell by -5.49%. According to MarketsMOJO, the stock is currently rated as 'Hold'.

In terms of performance, Indegene has underperformed the sector by -5.3% on the same day. The stock has also been on a downward trend for the past three days, with a total decline of -11.86% during this period. On October 7th, the stock reached an intraday low of Rs 644.75, representing a -5.46% decrease.

Despite these recent declines, Indegene's moving averages are still higher than the 50-day, 100-day, and 200-day moving averages. However, it is currently lower than the 5-day and 20-day moving averages.

In comparison to the overall market performance, Indegene's stock has seen a -5.18% decline in the past day, while the Sensex has only seen a -0.80% decline. Over the past month, Indegene's stock has also underperformed the Sensex, with a -2.69% decline compared to the Sensex's -0.18% decline.

While there is no clear reason for the recent decline in Indegene's stock price, investors may want to keep an eye on the company's performance in the coming days. As of now, the stock is rated as 'Hold' by MarketsMOJO.