Orissa Minerals Development Company's Stock Declines on October 21, 2024, But MarketsMOJO Gives 'Hold' Call

Orissa Minerals Development Company (OMDC) has experienced a decline in its stock price on October 21, 2024. The company's stock lost -5.72% and closed at Rs 8450.2 on the Bombay Stock Exchange. This underperformance was -2.53% lower than the sector's performance for the day. Despite this decline, MarketsMOJO has given a 'Hold' call for Orissa Minerals Development Company's stock. This indicates that the stock is expected to perform in line with the market and investors are advised to hold onto their current positions. The stock's price movement for the day saw an intraday low of Rs 8450.2, which was -4.36% lower than its previous closing price. However, the stock's moving averages show a positive trend, with the 50-day, 100-day, and 200-day moving averages higher than the current stock price. On the other hand, the stock is currently lower than the 5-day and 20-day moving averages. In comparison to the overall market performance, Orissa Minerals Development Company's stock has underperformed. While the stock's 1-day performance was -5.72%, the Sensex's performance for the same period was 0.12%. Similarly, the stock's 1-month performance was -10.69%, while the Sensex's performance was -3.81%. Overall, Orissa Minerals Development Company's stock has shown a decline in its performance on October 21, 2024. However, with a 'Hold' call from MarketsMOJO and positive moving averages, investors are advised to hold onto their current positions and monitor the stock's performance in the future.