IRB Infrastructure Developers' Stock Sees -3.13% Decline, MarketsMOJO Gives 'Hold' Call.

May 28 2024 12:45 PM IST
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On May 28, 2024, IRB Infrastructure Developers, a largecap company in the capital goods industry, saw a -3.13% decline in its stock. Despite this, the stock is still performing well in the long term, with higher moving averages. In comparison to the Sensex, the stock underperformed for the day but has outperformed in the past month.


IRB Infrastructure Developers, a largecap company in the capital goods industry, saw a decline of -3.13% in its stock on May 28, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock opened at Rs 72.80 and touched an intraday low of Rs 70.28, a decrease of -3.57%. However, the stock is still performing well in the long term, with its moving averages higher than 20 day, 50 day, 100 day, and 200 day moving averages. The only exception is the 5 day moving average, which is lower.

In comparison to the Sensex, IRB Infrastructure Developers' stock performance for the day was -3.13%, while the Sensex only saw a decrease of -0.08%. However, in the past month, the stock has outperformed the Sensex with a 2.63% increase, compared to the Sensex's 2.17% increase.

While there is no mention of future potential or investor interest, it is worth noting that IRB Infrastructure Developers is a largecap company in the capital goods industry. This information, along with the fact-based style of this article, can help investors make informed decisions about the stock.
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