OMDC Stock Sees -5.16% Decline in One Day, But Still Trading Above Moving Averages

Oct 07 2024 01:45 PM IST
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On October 7, 2024, Orissa Minerals Development Company (OMDC) saw a -5.16% decline in its stock price, closing at Rs 8716.2. Despite opening with a gain of 2.45%, it underperformed the sector by -0.4%. However, it is currently trading above its moving averages and has shown a positive growth of 11.57% in the past month. MarketsMojo recommends holding positions in OMDC.

Orissa Minerals Development Company (OMDC) has seen a decline of -5.16% in its stock price on October 7, 2024. The stock opened with a gain of 2.45% but closed at a lower price of Rs 8716.2, underperforming the sector by -0.4%. The stock touched an intraday high of Rs 9399.95 and an intraday low of Rs 8716.2.

OMDC is a midcap company in the miscellaneous industry. It is currently trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages, but lower than its 5-day moving average. The stock has been given a 'Hold' call by MarketsMOJO.

The overall sector of miscellaneous has fallen by -3.67%, while OMDC's performance has been -5.16% in just one day. In comparison, the Sensex has seen a decline of -0.98% on the same day. In the past month, OMDC's stock has shown a positive growth of 11.57%, while the Sensex has seen a decline of -0.36%.

OMDC is a company that deals with various minerals and has a midcap size. The stock's performance has been volatile in the past few days, but it is currently trading above its moving averages, indicating a positive trend. Investors are advised to hold their positions in OMDC for now, as per MarketsMOJO's recommendation.
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