Baid Finserv Hits 52-Week Low Amid Sustained Downward Trend in Market Position
Baid Finserv, a microcap in the finance and NBFC sector, has hit a new 52-week low, reflecting a significant decline in its stock performance. Over the past year, the company has faced a substantial drop, contrasting sharply with broader market gains, and is trading below key moving averages.
Baid Finserv, a microcap company in the finance and non-banking financial company (NBFC) sector, has reached a new 52-week low of Rs. 12.84 as of January 13, 2025. This marks a significant downturn, with the stock underperforming its sector by 0.97% today. Over the last two days, Baid Finserv has seen a cumulative decline of 6.07%.The stock's performance over the past year has been particularly challenging, with a decrease of 50.27%, in stark contrast to the Sensex, which has gained 5.89% during the same timeframe. Furthermore, Baid Finserv is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend in its market position.
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