Thomas Cook (India) Ltd sees -5.17% decline in stock price, in line with sector trend

Thomas Cook (India) Ltd, a midcap company in the travel services industry, saw a decline of -5.17% in its stock price on May 9, 2024. This drop was in line with the overall trend in the sector, which saw a decrease of -4.98%. The stock opened with a gain of 2.95% but eventually closed at a lower price of Rs 197.6, after touching an intraday high of Rs 214.95.

The stock has been highly volatile today, with an intraday volatility of 5.5%. This can be attributed to the fact that the stock has been performing well in the past few days, with two consecutive days of gains. However, today's decline could be seen as a trend reversal.

Despite the drop in stock price, MarketsMOJO has given a 'Hold' call for Thomas Cook (India) Ltd. The stock is currently trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages, but lower than its 5-day moving average.

In comparison to the overall market performance, Thomas Cook (India) Ltd has underperformed in the past month, with a 1-month performance of 14.75% compared to the Sensex's -2.72%. However, in the past day, the stock has performed worse than the Sensex, with a decline of -5.20% compared to the Sensex's -1.11%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative tone for readers interested in the stock performance of Thomas Cook (India) Ltd.