Bandhan Bank Ltd. Stock Declines by -3.02% on October 21, Underperforms Sector

Bandhan Bank Ltd., a largecap private bank, experienced a decline in its stock price on October 21, 2024. The stock lost -3.02% and closed at Rs 187.10. This underperformance was reflected in the stock's performance today, as it underperformed the sector by -3.09%.

The stock's intraday low was Rs 186.25, a decrease of -2.89% from the previous day's closing price. This indicates a bearish trend for the stock in the short term.

Bandhan Bank's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in the stock's price.

In comparison to the overall market performance, Bandhan Bank's stock has underperformed. On the same day, the Sensex, a benchmark index for the Indian stock market, had a performance of 0.12%, while Bandhan Bank's performance was -3.00%. In the past month, the stock has also underperformed the Sensex, with a performance of -11.34% compared to the Sensex's -3.81%.

Overall, Bandhan Bank's stock has experienced a decline in its price, and it is currently recommended to hold the stock by MarketsMOJO. Investors should keep an eye on the stock's performance in the coming days to make informed decisions about their investments.