Mindteck (India) Ltd's Stock Price Drops by -7.13% on August 9, 2024

Aug 09 2024 03:35 PM IST
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On August 9, 2024, Mindteck (India) Ltd, a smallcap IT software company, experienced a -7.13% decrease in its stock price. MarketsMojo has given the stock a 'Hold' call, indicating a neutral stance. Despite underperforming the sector by -8.27%, the stock's moving averages are still higher than the 50-day, 100-day, and 200-day averages. However, it is currently lower than the 5-day and 20-day averages. In comparison to the Sensex, Mindteck (India) Ltd's performance over the past day and month has been -7.21% and 17.37%, respectively.

Mindteck (India) Ltd, a smallcap IT software company, saw a decline of -7.13% in its stock price on August 9, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

In terms of price performance, Mindteck (India) underperformed the sector by -8.27% on the given day. The stock has also been on a downward trend for the past two days, with a fall of -9.04% during this period. It opened with a gap down of -3.14% today and reached an intraday high of Rs 432.2 (3.11%) and a low of Rs 390.05 (-6.94%).

Despite the recent decline, Mindteck (India) Ltd's moving averages are still higher than the 50-day, 100-day, and 200-day moving averages. However, it is currently lower than the 5-day and 20-day moving averages.

In comparison to the Sensex, Mindteck (India) Ltd's performance over the past day and month has been -7.21% and 17.37%, respectively. This is in contrast to the Sensex's performance of 1.04% and -0.80% over the same periods.

Investors should keep an eye on Mindteck (India) Ltd's performance in the coming days to see if it can bounce back from its recent decline.
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