Infibeam Avenues' Stock Price Drops - MarketsMOJO Issues 'Sell' Call
On October 7, 2024, Infibeam Avenues, a midcap IT software company, saw a -5.54% decline in its stock price, with a -10.02% fall in the past two days. MarketsMojo has given a 'Sell' call for the stock, which is currently trading below its moving averages. In comparison to Sensex, the stock has underperformed in the past day and month.
Infibeam Avenues, a midcap IT software company, saw a decline of -5.54% in its stock price on October 7, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Sell' call for the stock.
The stock has been on a downward trend for the past two days, with a fall of -10.02% during this period. On October 7, the stock touched an intraday low of Rs 28.44, a decrease of -5.17%.
Infibeam Avenues is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock.
In comparison to the Sensex, Infibeam Avenues' performance in the past day and month has been -5.64% and -6.01% respectively, while the Sensex has shown a marginal increase of 0.01% and 0.64% in the same time periods.
Investors should take note of the recent decline in Infibeam Avenues' stock price and the 'Sell' call by MarketsMOJO. It is important to do thorough research and analysis before making any investment decisions.
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