CreditAccess Grameen Faces Continued Decline Amid Broader Market Trends and Sector Underperformance

Feb 11 2025 03:35 PM IST
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CreditAccess Grameen's shares fell significantly today, continuing a three-day downward trend. The stock underperformed compared to its sector and reached an intraday low. Despite recent losses, it has shown a slight gain over the past month, contrasting with broader market performance.
CreditAccess Grameen, a midcap player in the Finance/NBFC sector, has experienced a notable decline today, with shares dropping by 5.72% as of February 11, 2025. This performance marks a continuation of a downward trend, as the stock has now fallen for three consecutive days, accumulating a total loss of 7.92% during this period.

In today's trading, CreditAccess Grameen underperformed its sector, which saw a decline of 2.77%. The stock reached an intraday low of Rs 986.9, reflecting a decrease of 6.03% at its lowest point. An analysis of moving averages indicates that while the stock is currently above its 50-day and 100-day moving averages, it remains below the 5-day, 20-day, and 200-day moving averages.

In terms of broader market performance, CreditAccess Grameen's one-day decline of 6.48% contrasts sharply with the Sensex, which fell by only 1.32%. Over the past month, however, the stock has shown a slight gain of 1.14%, while the Sensex has declined by 1.40%.
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