Macrotech Developers Stock Declines 3.09% Amid Mixed Performance Indicators

Dec 24 2024 03:35 PM IST
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Macrotech Developers has recently undergone a revision in its score, reflecting changes in its market performance. Despite a decline in stock price on December 24, 2024, the company has shown positive momentum over the past month, outperforming the broader market. Additionally, it has been added to MarketsMojo's list, indicating a noteworthy position in the sector.
Macrotech Developers, a prominent player in the construction and real estate sector, experienced a decline of 3.09% in its stock price on December 24, 2024. The company's performance for the day was notably below the sector average, underperforming by 2.96%. During intraday trading, the stock reached a low of Rs 1400, reflecting a decrease of 2.91%.

In terms of moving averages, Macrotech Developers is currently positioned above the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over the longer term. However, it is trading below the 5-day moving average, suggesting short-term volatility.

Over the past month, Macrotech Developers has shown a robust performance, gaining 12.31%, while the broader Sensex index has seen a slight decline of 0.81%. In comparison to the Sensex's minimal drop of 0.09% on the same day, Macrotech's performance highlights its recent fluctuations within the market. As a large-cap company, Macrotech Developers continues to navigate the complexities of the real estate landscape.
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