LTI Mindtree's Stock Sees Short-Term Dip, Experts Give 'Buy' Call
LTI Mindtree, a leading IT software company, experienced a -3.81% decrease in stock price on November 18, 2024. Despite underperforming the sector, experts at MarketsMojo have given a 'Buy' call for the stock. LTI Mindtree's stock is currently trading higher than its 200-day moving average and has outperformed the Sensex in the past month.
LTI Mindtree, a leading IT software company in the largecap industry, has recently seen a dip in its stock price. On November 18, 2024, the company's stock fell by -3.81%, underperforming the sector by -3.43%. However, despite this short-term setback, experts at MarketsMOJO have given a 'Buy' call for LTI Mindtree's stock.
The stock's intraday low was Rs 5820, a decrease of -3%, showing high volatility with an intraday volatility of 128.7%. This is calculated from the weighted average price. LTI Mindtree's stock is currently trading higher than its 200-day moving average, but lower than its 5-day, 20-day, 50-day, and 100-day moving averages.
In comparison to the overall market performance, LTI Mindtree's stock has underperformed, with a -3.81% decrease, while the Sensex has only seen a -0.23% decrease. However, looking at the past month's performance, LTI Mindtree's stock has performed better than the Sensex, with a -3.81% decrease compared to the Sensex's -4.70% decrease.
Despite the recent dip in stock price, LTI Mindtree remains a strong player in the IT software industry, with a largecap size. With a 'Buy' call from MarketsMOJO, investors can have confidence in the company's future growth and potential.
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