Media Matrix Worldwide Stock Sees 9.81% Increase, Outperforms Sector and Sensex

Media Matrix Worldwide, a smallcap film production, distribution, and entertainment company, saw a 9.81% increase in its stock price on September 6, 2024. This outperformed the sector by 11.31%, indicating a positive trend for the company.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current stock call for Media Matrix Worldwide is 'Sell'. However, the company has been gaining for the last two days and has seen a 11.55% increase in returns during this period.

The stock had a volatile trading day, with an intraday high of Rs 16.99 (10.4%) and an intraday low of Rs 15.01 (-2.47%). The weighted average price volatility for the day was 6.19%.

Media Matrix Worldwide's moving averages are currently higher than its 5-day, 20-day, and 50-day moving averages, but lower than its 100-day and 200-day moving averages. This suggests a mixed trend for the company's stock in the short term.

In comparison to the Sensex, Media Matrix Worldwide's stock performance on the day was significantly higher, with a 1-day return of 9.81% compared to Sensex's -1.24%. Over the past month, the company's stock has also outperformed the Sensex, with a 5.30% return compared to Sensex's 3.30%.

Overall, Media Matrix Worldwide's stock has shown a positive trend in the short term, but the current stock call is 'Sell' according to MarketsMOJO. Investors should keep an eye on the company's performance in the coming days to make informed decisions.