ITDC Stock Faces Decline and 'Sell' Call Amidst Challenging Market Conditions

India Tourism Development Corporation (ITDC) has been facing a downward trend in the stock market, with a loss of -5.33% on October 22, 2024. This has led to a 'Sell' call by MarketsMOJO for the company's stock.

The stock has been underperforming in the sector, with a -1.73% difference. It has also been on a consecutive fall for the past 5 days, resulting in a -12.34% decline in returns during this period. The stock touched an intraday low of Rs 596.45, a -5.33% decrease from its previous closing price.

ITDC's performance is also lower than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a negative trend for the company's stock.

In the hotel, resort, and restaurant industry, ITDC has fallen by -3.85%. This further highlights the challenges faced by the company in the current market.

Comparing ITDC's performance to the Sensex, the company has underperformed with a -5.33% decline, while the Sensex has only seen a -1.15% decrease. In the past month, ITDC's performance has been -11.64%, while the Sensex has only seen a -5.11% decline.

Overall, ITDC's stock has been facing a downward trend in the market, with a 'Sell' call by MarketsMOJO. The company's performance has been lower than the sector and the Sensex, indicating a challenging time for the midcap company in the hotel, resort, and restaurant industry.