Axis Bank Hits 52-Week Low Amidst Ongoing Market Challenges

Jan 21 2025 02:35 PM IST
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Axis Bank's stock has reached a new 52-week low, reflecting a significant downturn as it underperforms its sector. The bank has experienced a consecutive decline over the past three days and is trading below multiple moving averages, indicating ongoing challenges in the current market environment.
Axis Bank has reached a new 52-week low, with its stock price hitting Rs. 974 on January 21, 2025. This decline signifies a significant downturn for the bank, which has underperformed its sector by 0.26% today. Over the past three days, Axis Bank's stock has seen a consecutive fall, totaling a decline of 6.29%.

In terms of moving averages, Axis Bank is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the bank's performance has been notably negative, with a decline of 13.05%, contrasting sharply with the benchmark Sensex, which has gained 6.80% during the same period. These metrics highlight the ongoing challenges faced by Axis Bank in the current market environment.
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