Info Edge (India) Stock Sees 3.23% Increase, MarketsMOJO Recommends 'Hold'
On November 6, 2024, Info Edge (India) saw a 3.23% increase in its stock price, in line with the IT - Software sector's overall performance. The company's stock has outperformed the Sensex with a 3.40% increase. However, over the past month, the stock has seen a -3.54% decrease, slightly worse than the market. MarketsMojo suggests holding positions in the stock.
Info Edge (India), a leading IT software company, saw a 3.23% increase in its stock price on November 6, 2024. The stock call for the company by MarketsMOJO is 'Hold', indicating a neutral stance on the stock.
The stock's performance today was in line with the overall sector, with an intraday high of Rs 7900.95, a 3.31% increase. The stock's moving averages are currently higher than the 5-day, 50-day, 100-day, and 200-day moving averages, but lower than the 20-day moving average.
In the IT - Software sector, which has gained 2.77%, Info Edge (India) has outperformed with a 3.40% increase in its stock price. This is also higher than the Sensex's performance of 0.62% on the same day.
Over the past month, Info Edge (India) has seen a -3.54% decrease in its stock price, while the Sensex has seen a -2.10% decrease. This shows that the company's stock has performed slightly worse than the overall market.
Overall, Info Edge (India) has shown a steady performance in the IT - Software sector, with a slight increase in its stock price on November 6, 2024. Investors are advised to hold their positions in the company's stock, as suggested by MarketsMOJO.
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