Midcap IT Company Nazara Technologies Sees -5.32% Decline in Stock Price on October 7th

Nazara Technologies, a midcap IT software company, has seen a decline in its stock price by -5.32% on October 7th, 2024. This underperformance is reflected in the stock's current call of 'Hold' by MarketsMOJO.

The stock has been on a downward trend for the past three days, with a fall of -9% in returns during this period. On October 7th, the stock touched an intraday low of Rs 903.65, representing a -5.77% decrease from its previous closing price.

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

In comparison to the overall market performance, Nazara Technologies has underperformed with a -5.41% decrease in its stock price, while the Sensex has only seen a -1.06% decrease. Over the past month, the stock has also seen a decline of -1.51%, while the Sensex has only seen a -0.45% decrease.

Investors should keep an eye on Nazara Technologies' performance in the coming days to see if it can bounce back from its recent decline. However, it is important to note that this article is based on factual information and does not offer any recommendations or predictions about the company's future potential.