Mphasis Ltd. Stock Drops -3.47% on September 18, Rated 'Hold' by MarketsMOJO

Mphasis Ltd., a leading IT software company, saw a decline of -3.47% in its stock on September 18, 2024. This drop was reflected in the stock call given by MarketsMOJO, which rated it as a 'Hold'. The stock is currently trading at a price that is 3.82% lower than its 52-week high of Rs 3186.95.

On the day of the decline, Mphasis Ltd. underperformed the sector by -2.97%. The stock also saw high volatility, with an intraday volatility of 107.09% calculated from the weighted average price. However, the stock is still performing well in the long term, with its moving averages higher than the 50-day, 100-day, and 200-day moving averages.

In comparison to the overall market performance, Mphasis Ltd. saw a decline of -4.33% in just one day, while the Sensex only saw a decline of -0.08%. However, in the past month, Mphasis Ltd. has outperformed the Sensex with a 1-month performance of 4.04% compared to the Sensex's 3.21%.

Overall, Mphasis Ltd. has shown a strong performance in the long term, but investors should keep an eye on its short-term volatility. With a 'Hold' rating from MarketsMOJO, it is important for investors to carefully consider their options before making any decisions regarding this stock.