Magellanic Cloud's Stock Soars 8.92% Amidst Volatility and 'Sell' Call by MarketsMOJO

Magellanic Cloud, a smallcap IT software company, saw a significant increase in its stock price on October 21, 2024. The stock gained 8.92% on this day, outperforming the sector by 8.59%. However, according to MarketsMOJO, the stock has been given a 'Sell' call.

The stock opened with a gain of 2.57% and reached an intraday high of Rs 84.95, which is a 9.05% increase from the previous day's closing price. However, it also touched an intraday low of Rs 67.5, which is a decrease of 13.35%. This shows that the stock has been highly volatile today, with an intraday volatility of 11.44%.

Magellanic Cloud is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.

In comparison to the Sensex performance, Magellanic Cloud's stock has performed well in the past 1 day, with a 9.05% increase, while the Sensex has seen a decrease of 0.29%. However, in the past 1 month, the stock has seen a significant decrease of 31.57%, while the Sensex has seen a decrease of 4.20%.

Investors should take note of the volatility and the 'Sell' call given by MarketsMOJO before making any investment decisions regarding Magellanic Cloud.