Optiemus Infracom Faces Increased Volatility Amid Broader Market Declines

Jan 13 2025 11:50 AM IST
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Optiemus Infracom has faced significant volatility, declining 5.0% on January 13, 2025, and losing 13.75% over three days. The stock underperformed its sector and the Sensex, with a notable 14.49% drop over the past month, highlighting ongoing market challenges.
Optiemus Infracom has experienced notable volatility today, with a decline of 5.0% on January 13, 2025. This drop contributes to a broader downward trend, as the stock has lost 13.75% over the past three days. On this day, it opened with a gap down of 2.56% and reached an intraday low of Rs 662.7.

In terms of sector performance, Optiemus Infracom underperformed, with its sector experiencing a decline of 4.05%. The stock's performance was also significantly worse than the Sensex, which fell by only 0.73%. Over the past month, Optiemus Infracom has seen a substantial drop of 14.49%, contrasting with the Sensex's decline of 6.48%.

Currently, the stock's moving averages indicate that it is trading above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages. This positioning reflects the ongoing challenges faced by Optiemus Infracom in the current market environment.
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