Info Edge (India) Ltd's Stock Price Drops -3.08% on October 31st, MarketsMOJO Gives 'Hold' Call

Oct 31 2024 02:35 PM IST
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Info Edge (India) Ltd, a leading IT software company, saw a -3.08% decline in its stock price on October 31st, 2024. This underperformance was noted by MarketsMojo, who has given a 'Hold' call for the stock. The stock has been on a downward trend for the past 2 days, with a fall of -3.17%. Despite this, the company remains a largecap player in the IT - Software sector.


Info Edge (India) Ltd, a leading IT software company, saw a decline of -3.08% in its stock price on October 31st, 2024. This underperformance was noted by MarketsMOJO, who has given a 'Hold' call for the stock.

The stock has been on a downward trend for the past 2 days, with a fall of -3.17% during this period. On the day of October 31st, the stock touched an intraday low of Rs 7436.85, a decrease of -3.19%. While the stock's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages.

In the IT - Software sector, there has been a decline of -2.5%, indicating a general trend in the industry. In comparison, Info Edge (India) Ltd's performance on October 31st was -3.27%, while the Sensex's performance was -0.72%. Over the past month, the stock has seen a decline of -9.71%, while the Sensex has seen a decline of -5.81%.

Despite the recent decline in stock price, Info Edge (India) Ltd remains a largecap company in the IT - Software industry. With a 'Hold' call from MarketsMOJO, investors may want to closely monitor the stock's performance in the coming days.
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