Indostar Capital Finance's Stock Sees Positive Start, But MarketsMOJO Issues 'Sell' Call

Oct 08 2024 11:05 AM IST
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Indostar Capital Finance's stock opened with a 5.72% gain and reached an intraday high of Rs 295, outperforming the finance sector by 3.32%. However, MarketsMojo has given a 'Sell' call and the stock has been highly volatile with a 5.05% intraday volatility. It has also shown a 1-day performance of 3.19%, higher than the Sensex's 0.47%.

Indostar Capital Finance, a smallcap finance company, saw a positive start to the day as its stock opened with a gain of 5.72%. This outperformance was reflected in the stock's intraday high of Rs 295, which was 5.72% higher than its previous closing price. However, the stock has also been highly volatile today, with an intraday volatility of 5.05%.

Despite this positive start, MarketsMOJO has given a 'Sell' call for Indostar Capital Finance's stock. The company's performance today has also outperformed the finance sector by 3.32%. However, when compared to the moving averages, the stock is currently higher than the 50, 100, and 200 day moving averages, but lower than the 5 and 20 day moving averages.

In terms of overall performance, Indostar Capital Finance has shown a 1-day performance of 3.19%, which is higher than the Sensex's performance of 0.47%. Over the past month, the company's stock has also outperformed the Sensex with a 6.65% increase, compared to the Sensex's 0.30% increase.

While the stock may have had a positive start to the day, it is important to consider the 'Sell' call given by MarketsMOJO and the volatility of the stock. Investors should carefully evaluate the company's performance and market conditions before making any investment decisions.
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