Matrimony.com's Stock Sees Decline, But Still Outperforms Market in Long Term

Matrimony.com, a smallcap IT software company, has recently seen a decline in its stock price. On November 8, 2024, the company's stock lost 7.14% of its value. According to MarketsMOJO, a leading stock analysis platform, the current recommendation for Matrimony.com's stock is 'Hold'.

In terms of performance, Matrimony.com has underperformed the sector by 6.8% on the same day. The stock has also been on a downward trend for the past two days, with a total decline of 8.76% during this period. On November 8, the stock touched an intraday low of Rs 768.25, representing a 6.2% decrease.

Despite these recent losses, Matrimony.com's moving averages are still higher than its 100-day and 200-day moving averages. However, it is currently lower than its 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Matrimony.com's stock has seen a decline of 7.51% in the past day, while the Sensex has only seen a decrease of 0.04%. Over the past month, Matrimony.com's stock has also underperformed the Sensex, with a decline of 2.96% compared to the Sensex's 2.61% decrease.

Overall, Matrimony.com's stock has seen a recent decline in value, but it is still performing better than the overall market in the long term. Investors should keep an eye on the company's performance in the coming days to make informed decisions about their investments.