Info Edge (India) Ltd's Stock Sees -3.35% Decline, Given 'Hold' Call by MarketsMOJO
On November 18, 2024, Info Edge (India) Ltd, a leading IT software company, saw a -3.35% decline in its stock price, with a 'Hold' call from MarketsMojo. The stock's moving averages were higher than the 100-day and 200-day averages, but lower than the 5-day, 20-day, and 50-day averages. The IT software sector as a whole also saw a decline of -2.39%.
Info Edge (India) Ltd, a leading IT software company, saw a decline of -3.35% in its stock price on November 18, 2024. The stock was given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.
The stock's performance today was lower than the sector average by -1.13%, with an intraday low of Rs 7514 (-3.59%). However, the stock's moving averages were higher than the 100-day and 200-day averages, but lower than the 5-day, 20-day, and 50-day averages.
The IT software sector as a whole has seen a decline of -2.39%, which could have contributed to the decline in Info Edge (India) Ltd's stock price. In comparison, the Sensex, India's benchmark index, saw a decline of only -0.50%.
Over the past month, Info Edge (India) Ltd's stock has seen a decline of -6.32%, while the Sensex has seen a decline of -4.96%. This indicates that the company's stock has underperformed the market in the short term.
Overall, Info Edge (India) Ltd's stock has seen a decline in its performance, with a 'Hold' call from MarketsMOJO. Investors should keep an eye on the company's future performance to make informed decisions.
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