Syngene International's Stock Sees Decline Amidst Positive Moving Averages

Syngene International, a leading pharmaceutical and drug company, saw a decline in its stock price on October 29, 2024. The stock closed at Rs 848.85, down by -3.19% from the previous day's closing price. This underperformance was also reflected in the sector, with Syngene International falling -1.57% below the sector's performance.

The stock's intraday low was Rs 846.05, a decrease of -3.03% from the previous day. However, the stock's moving averages show a positive trend, with the 100-day and 200-day moving averages higher than the current stock price. On the other hand, the stock is currently lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Syngene International's stock performance was -3.19% on the same day, while the Sensex's performance was -0.11%. Over the past month, Syngene International's stock has seen a decline of -4.57%, while the Sensex has seen a decline of -6.61%.

Despite the recent decline in stock price, MarketsMOJO has given a 'Hold' call for Syngene International. This neutral stance is based on the company's performance and market trends, without any influence from investor interest or expert opinions. As a largecap company in the pharmaceutical and drug industry, Syngene International continues to be a key player in the market.