Central Bank of India's Stock Sees Decline, Underperforms Market on October 22

Central Bank of India, one of the largest public banks in India, has seen a decline in its stock price on October 22, 2024. The stock has lost -3.69% on this day, underperforming the sector by -1.94%. This marks the second consecutive day of losses for the bank, with a total decline of -7.67% in this period.

On October 22, the stock touched an intraday low of Rs 54.4, showing a decrease of -3.56%. Central Bank's performance has been consistently lower than the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the overall market performance, Central Bank of India's stock has underperformed. On the same day, the Sensex saw a decline of -0.31%, while Central Bank's performance was -3.49%. In the past month, the bank's stock has seen a decline of -7.26%, while the Sensex has seen a decline of -4.31%.

These numbers indicate a downward trend for Central Bank of India's stock, making it a 'Sell' call by MarketsMOJO. As a largecap public bank, it is important for investors to keep an eye on the bank's performance and make informed decisions.