Route Mobile's Stock Sees Decline Amidst Bearish Trend and Underperformance in IT Sector

Route Mobile, a midcap IT software company, has recently seen a decline in its stock price. On November 18, 2024, the company's stock lost -5.42%, closing at Rs. 1343.8. This decline has been reflected in the stock call given by MarketsMOJO, which has labeled it as a 'Sell'.

The stock has been on a downward trend for the past three days, with a consecutive fall of -8% in returns during this period. It also underperformed the IT - Software sector by -2.33% on the same day. The stock touched an intraday low of Rs. 1343.8, which is also its new 52-week low.

Route Mobile's performance has been below par compared to the moving averages of 5 day, 20 day, 50 day, 100 day, and 200 day. This indicates a bearish trend in the stock's performance.

The IT - Software sector as a whole has also seen a decline of -2.56%, further adding to the negative sentiment surrounding Route Mobile's stock.

In comparison to the overall market performance, Route Mobile's stock has underperformed the Sensex by -4.55% in the past day and -13.11% in the past month. This indicates a significant decline in the company's stock price.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone, without any mention of future potential, investor interest, or expert recommendations. As per the current market trends, the stock call for Route Mobile remains 'Sell'.