Mindteck (India) Ltd experiences third consecutive day of losses, but still outperforms market in long term

Mindteck (India) Ltd, a smallcap IT software company, saw a decline in its stock price today. According to MarketsMOJO, the stock opened with a loss of -7.8% and underperformed the sector by -0.53%. This marks the third consecutive day of losses for the company, with a total decline of -6.18% in this period.

The stock also experienced high volatility today, with an intraday volatility of 28.8%. This was calculated from the weighted average price. The stock touched an intraday low of Rs 404.05, which is -7.8% lower than its opening price.

Despite these recent losses, Mindteck's stock is still performing well in the long term. It is currently trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day moving average.

In comparison to the overall market performance, Mindteck's stock has seen a decline of -7.06% in the last 1 day, while the Sensex has only declined by -1.99%. However, in the last 1 month, Mindteck's stock has outperformed the Sensex with a growth of 23.97% compared to the Sensex's decline of -0.78%.

Overall, MarketsMOJO has given a 'Hold' call for Mindteck's stock. Investors should keep an eye on the company's performance in the coming days to make informed decisions about their investments.