Infibeam Avenues' Stock Declines by -5.34% Amidst IT Sector Underperformance

Oct 04 2024 02:35 PM IST
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On October 4th, 2024, Infibeam Avenues, a midcap IT software company, saw a -5.34% decline in its stock price, in line with the underperformance of the IT sector. The stock also experienced a trend reversal after two consecutive days of gains. Its moving averages were higher than the 5-day and 20-day averages, but lower than the 50-day, 100-day, and 200-day averages.

Infibeam Avenues, a midcap IT software company, saw a decline of -5.34% in its stock price on October 4th, 2024. This was in line with the overall underperformance of the IT sector, as the stock fell by -5.65% compared to the sector's performance. The stock also experienced a trend reversal, falling after two consecutive days of gains.

On the day, the stock reached an intraday high of Rs 32.32, up by 2.18%, before dropping to an intraday low of Rs 29.9, down by -5.47%. The stock's moving averages were higher than the 5-day and 20-day averages, but lower than the 50-day, 100-day, and 200-day averages.

In comparison to the Sensex, Infibeam Avenues' performance was -4.87% on the day, while the Sensex's performance was -0.86%. Over the past month, the stock's performance was -0.73%, slightly lower than the Sensex's performance of -0.69%.

Overall, Infibeam Avenues' stock saw a decline on October 4th, 2024, in line with the underperformance of the IT sector. The stock's performance was also lower than the Sensex's performance on both the day and over the past month.
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