Saksoft Ltd's Stock Performance Receives 'Sell' Call from MarketsMOJO

Aug 05 2024 09:30 AM IST
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Saksoft Ltd, a smallcap IT software company, has seen a recent dip in its stock performance, with a 'Sell' call from MarketsMojo. Despite higher moving averages, the stock has been on a downward trend for the past two days, with high volatility and underperforming compared to the Sensex.

Saksoft Ltd, a smallcap IT software company, has been in the news recently due to its stock performance. According to MarketsMOJO, the stock has been given a 'Sell' call, with a loss of -7.13% on the opening day. This is in line with the overall performance of the IT software sector.

The stock has been on a downward trend for the past two days, with a consecutive fall of -5.07%. It opened today with a gap down of -7.13%, touching an intraday low of Rs 271. This high volatility is reflected in the stock's intraday volatility of 184.02%, calculated from the weighted average price.

Despite this recent dip, Saksoft Ltd's moving averages are still higher than the 50-day and 100-day moving averages. However, it is currently lower than the 5-day, 20-day, and 200-day moving averages.

In comparison to the Sensex, Saksoft Ltd's 1-day performance is -5.16%, while the Sensex's performance is -1.99%. Similarly, in the past month, Saksoft Ltd's performance has been -2.84%, while the Sensex's performance is -0.78%.

Overall, Saksoft Ltd's stock has been on a downward trend, with a 'Sell' call from MarketsMOJO. Investors should keep an eye on the stock's performance and consider their options carefully before making any decisions.
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