Protean eGov Technologies' Stock Falls by -6.74% and Receives 'Sell' Call from MarketsMOJO

Protean eGov Technologies, a midcap IT software company, has recently faced a decline in its stock performance. On November 22, 2024, the company's stock fell by -6.74%, according to data from MarketsMOJO. The stock has been given a 'Sell' call by MarketsMOJO.

In terms of price, Protean eGov Technologies has underperformed the sector by -6.93% on the same day. The stock also experienced a trend reversal, falling after two consecutive days of gains. It opened with a gap down of -8.64% and touched an intraday low of Rs 1666, a decrease of -9.93%.

Despite these recent declines, Protean eGov Technologies' moving averages are still higher than its 200 day moving average. However, it is currently lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the overall market performance, Protean eGov Technologies' stock has underperformed. Its 1 day performance is -6.85% compared to the Sensex's 0.70% performance. Over the past month, the company's stock has also seen a decline of -6.69%, while the Sensex has only decreased by -3.15%.

Investors and experts are advised to take note of Protean eGov Technologies' recent stock performance and the 'Sell' call given by MarketsMOJO. It is important to carefully consider all available information before making any investment decisions.