Indus Towers' Stock Sees -3.26% Decline, Rated 'Hold' by MarketsMOJO

Indus Towers, a leading telecom equipment company in the largecap industry, has seen a decline of -3.26% in its stock price on September 2nd, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold'.

The stock's performance today has been underwhelming, as it has underperformed the sector by -1.5%. This is a reversal from the previous four days, where the stock had shown consecutive gains. The day's low for Indus Towers was Rs. 443.05, which is a decrease of -3.37% from its previous closing price.

Despite the recent dip, Indus Towers is still trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates that the stock has been performing well in the long term.

In comparison to the overall market performance, Indus Towers has seen a decline of -4.15% in the past day, while the Sensex has shown a slight increase of 0.29%. However, in the past month, Indus Towers has outperformed the Sensex with a growth of 4.36% compared to the market's 2.00% growth.

Overall, Indus Towers has shown a mixed performance in the recent days, with a slight decline in its stock price. However, the company's long term performance and its position in the largecap industry make it a stock worth keeping an eye on.