Axis Bank's Stock Sees Decline on October 7th, Underperforms Sector and Sensex

Axis Bank ., one of the largest private banks in India, has seen a decline in its stock price on October 7th, 2024. The stock has lost -4.12% on this day, underperforming the sector by -1.63%. The stock touched an intraday low of Rs 1145.9, which is a decrease of 3% from the previous day's closing price.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Axis Bank . is 'Hold'. This means that the stock is expected to perform in line with the market and investors are advised to hold their positions.

In terms of moving averages, the stock is currently trading higher than its 200 day moving average, but lower than its 5 day, 20 day, 50 day, and 100 day moving averages. This indicates a mixed trend in the stock's performance.

On the same day, the Sensex, India's benchmark stock index, also saw a decline of -0.98%. However, Axis Bank .'s performance was comparatively worse with a decline of -3.69%. In the past month, the stock has underperformed the Sensex by -1.85%, while the Sensex has seen a decline of -0.36%.

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 who are interested in the performance of Axis Bank . as a largecap private bank in India.