MarketsMOJO Adjusts Evaluation of Indo Amines Amid Recent Stock Performance Decline

Indo Amines, a small-cap player in the chemicals industry, has recently experienced a notable decline in its stock performance. On January 6, 2025, the stock fell by 7.07%, underperforming its sector, which saw a decrease of 2.31%. This marks a continuation of a downward trend, as Indo Amines has recorded a consecutive fall over the past two days, resulting in a total decline of 6.83% during this period. The stock opened the day with a gap down of 2.15% and reached an intraday low of Rs 165, reflecting a drop of 6.7%. In terms of moving averages, Indo Amines is currently positioned higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed signals regarding its short-term performance. In light of these developments, MarketsMOJO has made an adjustment in its evaluation of Indo Amines, reflecting the stock's recent performance metrics. The company has also been added to MarketsMOJO's list, highlighting its current standing in the market.