CreditAccess Grameen Hits 52-Week Low, Given 'Hold' Call by MarketsMOJO

Oct 10 2024 11:35 AM IST
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CreditAccess Grameen, a leading NBFC finance company, has hit a 52-week low on October 10, 2024, with its stock price falling to Rs. 1122.2. The company has received a 'Hold' call from MarketsMojo, indicating a neutral stance on its performance. It has also underperformed the sector and is currently trading below its moving averages. In the past year, the company has shown a negative performance compared to the overall market. Investors can take a neutral stance and monitor the company's performance in the future.

CreditAccess Grameen, a leading finance company in the NBFC sector, has recently hit a 52-week low on October 10, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

The stock price of CreditAccess Grameen has fallen to Rs. 1122.2, which is its lowest point in the past 52 weeks. Today, the stock underperformed the sector by -2.06%. This is a significant drop from its previous high of Rs. 1148.5 on October 8, 2024.

The stock has also seen a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs. 1122.2, a decrease of -2.35%. CreditAccess Grameen is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its performance.

In the past year, CreditAccess Grameen has seen a negative performance of -16.59%, while the Sensex has shown a positive growth of 23.50%. This indicates that the company has not been able to keep up with the overall market performance.

As a midcap company in the finance sector, CreditAccess Grameen has been facing challenges in the current market conditions. However, with a 'Hold' call from MarketsMOJO, investors can take a neutral stance and monitor the company's performance in the coming days.
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