Indo Count Industries Shows Signs of Potential Trend Reversal Amid Ongoing Market Challenges

Jan 15 2025 10:45 AM IST
share
Share Via
Indo Count Industries, a midcap textile company, experienced a notable gain on January 15, 2025, after a three-day decline, suggesting a possible trend reversal. Despite this uptick, the stock remains below key moving averages and has faced a significant decline over the past month compared to broader market trends.
Indo Count Industries, a midcap player in the textile sector, saw a significant gain of 5.5% on January 15, 2025, outperforming its sector by 2.75%. The stock opened with a gap up, rising by 2.01% at the start of the trading session and reaching an intraday high of Rs 327.5, reflecting a 4.7% increase.

This uptick follows a three-day streak of declines, suggesting a potential trend reversal. However, it is noteworthy that Indo Count Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term bearish trend.

In the context of broader market performance, Indo Count Industries has experienced a decline of 17.21% over the past month, in contrast to a 6.40% drop in the Sensex. Despite today's positive movement, the stock's recent performance underscores ongoing challenges within the market.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
Kamdhenu Ventures Ltd is Rated Sell
27 minutes ago
share
Share Via
Ircon International Ltd is Rated Strong Sell
27 minutes ago
share
Share Via
BMW Industries Ltd is Rated Sell
27 minutes ago
share
Share Via
Veritas (India) Ltd is Rated Strong Sell
27 minutes ago
share
Share Via
Last Mile Enterprises Ltd is Rated Sell
27 minutes ago
share
Share Via
Aveer Foods Ltd is Rated Sell
27 minutes ago
share
Share Via