Orissa Minerals Development Company (OMDC) Shows Strong Performance in Stock Market, Gaining 7.92% on June 6, 2024

Jun 06 2024 11:15 AM IST
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Orissa Minerals Development Company (OMDC) has gained 7.92% on June 6, 2024, outperforming the Sensex's 1.19%. It has been on an upward trend for the past two days, but has underperformed the sector by -0.4% today. MarketsMojo has given it a 'Strong Sell' rating based on its performance in the miscellaneous sector.

Orissa Minerals Development Company (OMDC) has shown a strong performance in the stock market, gaining 7.92% on June 6, 2024. This smallcap company has been on an upward trend for the past two days, with a consecutive gain of 13.71%. However, it has underperformed the sector by -0.4% today.

The stock reached an intraday high of Rs 6012.5, showing a 4.13% increase. It is currently trading higher than its 5-day moving average, but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a mixed trend for the stock in the short term.

In the miscellaneous sector, which has gained 3.41%, Orissa Minerals Development Company has been given a 'Strong Sell' rating by MarketsMOJO. This rating is based on the stock's performance compared to the overall sector.

In comparison to the Sensex, Orissa Minerals Development Company has outperformed with a 1-day performance of 7.92% compared to the Sensex's 1.19%. However, in the past month, the stock has shown a negative performance of -7.56% while the Sensex has gained 1.85%.

Overall, Orissa Minerals Development Company has shown a strong performance in the stock market, but it is important to note that this is not a recommendation to buy or sell the stock. Investors should do their own research and make informed decisions based on their own risk tolerance and investment goals.
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