IRB Infrastructure Developers' Stock Sees Dip, But Remains Strong in Capital Goods Industry

IRB Infrastructure Developers, a leading player in the capital goods industry, saw a dip in its stock price on June 10, 2024. The company's stock fell by -3.22%, closing at Rs 75.25. MarketsMOJO has given a 'Hold' call for the stock.

Despite the dip, IRB Infrastructure Developers is still performing well, with its stock being only 4.67% away from its 52-week high of Rs 78.05. However, it underperformed the sector by -3.76% on June 10. The stock also saw a trend reversal, falling after three consecutive days of gains.

During the day, the stock touched an intraday low of Rs 74.06, showing a high volatility of 131.91% (calculated from weighted average price). However, IRB Infrastructure Developers is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, IRB Infrastructure Developers' stock performance on June 10 was -5.03%, while the Sensex only saw a -0.14% change. Over the past month, the company's stock has shown a strong performance of 16.98%, outperforming the Sensex's 5.39% growth.

Overall, IRB Infrastructure Developers continues to be a strong player in the capital goods industry, with a steady stock performance and a 'Hold' call from MarketsMOJO. Investors can keep an eye on the stock as it may present potential buying opportunities in the future.