Syngene International's Stock Sees -3.15% Decline, MarketsMOJO Gives 'Hold' Call

Syngene International, a leading pharma company in the largecap industry, saw a decline of -3.15% in its stock price on August 27, 2024. This underperformance was noted by MarketsMOJO, who has given a 'Hold' call for the stock.

The stock's performance today was -3.34% lower than the sector's performance, indicating a slight lag in comparison. Additionally, the stock has reversed its trend after 5 consecutive days of gains, which may be a cause for concern for investors.

On the day of trading, Syngene International's stock touched an intraday low of Rs 828.05, a decrease of -2.86%. However, the stock's moving averages are still higher than the 20, 50, 100, and 200 day moving averages, but lower than the 5 day moving average.

In comparison to the Sensex, Syngene International's stock performance for the day was -3.15%, while the Sensex's performance was 0.02%. Over the past month, the stock has outperformed the Sensex with a 5.09% increase, while the Sensex only saw a 0.47% increase.

Overall, Syngene International's stock has shown a slight decline in its performance, but still remains a strong player in the pharma industry. Investors are advised to hold onto their stocks for now, as the company continues to show steady growth.