Interglobe Aviation's Stock Price Drops by -3.18% on October 7th, Labeled as 'Sell' by MarketsMOJO

Interglobe Aviation, one of the largest airlines in India, has seen a decline in its stock price by -3.18% on October 7th, 2024. This drop in stock price has been reflected in the stock call given by MarketsMOJO, which has labeled it as a 'Sell'.

The stock's performance today has been in line with the sector, but it has been on a consecutive fall for the last 3 days, resulting in a -8.21% decrease in returns during this period. The stock also touched an intraday low of Rs 4481.95, showing a decline of -3.03%.

While the stock's moving averages are higher than the 100-day and 200-day moving averages, they are lower than the 5-day, 20-day, and 50-day moving averages. This indicates a mixed trend in the stock's performance.

In the sector of airlines, there has been a decline of -2.64%, which could have contributed to the drop in Interglobe Aviation's stock price.

Comparing the performance of Interglobe Aviation with the overall market, its 1-day performance has been -3.30% while the Sensex's performance has been -0.80%. Similarly, in the last 1 month, the stock's performance has been -6.92% compared to the Sensex's -0.19%.

Overall, Interglobe Aviation's stock has seen a decline in its price and has been labeled as a 'Sell' by MarketsMOJO. Investors should keep an eye on the stock's performance and the sector's trends before making any investment decisions.