Saksoft's Stock Declines in Line with IT Sector, Current Call is 'Hold'

Saksoft, a smallcap IT software company, experienced a decline in its stock price on September 20th, 2024. The stock lost -7.14% and closed at Rs. 276.75. This decline was in line with the overall performance of the IT sector, as Saksoft underperformed the sector by -6.93%. According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Saksoft's stock is 'Hold'. This suggests that investors should hold onto their current positions in the company. On September 20th, Saksoft's stock touched an intraday low of Rs. 275.6, representing a decrease of -6.94%. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its price. In comparison to the overall performance of the stock market, Saksoft's 1-day performance was -7.14%, while the Sensex's performance was 1.07%. Similarly, over the past month, Saksoft's stock has outperformed the Sensex by 19.07% with a 1-month performance of 4.05%. Despite the recent decline in stock price, Saksoft remains a strong player in the IT software industry. With its current 'Hold' call and positive 1-month performance, investors may want to keep an eye on this smallcap company for potential future growth.