CreditAccess Grameen Faces Notable Stock Decline Amid Broader Market Trends

CreditAccess Grameen, a midcap player in the finance and non-banking financial company (NBFC) sector, faced a significant decline in its stock price on January 15, 2025, dropping by 5.62%. This performance was notably weaker than its sector, which underperformed by 5.35%. The stock opened the day with a gap down, starting at a loss of 2.81%, and reached an intraday low of Rs 902.05, reflecting a decrease of 5.83%. In terms of moving averages, CreditAccess Grameen's stock is currently above its 20-day moving average but below the 5-day, 50-day, 100-day, and 200-day moving averages. Over the past day, the company's stock performance declined by 6.23%, contrasting with the Sensex, which saw a slight increase of 0.30%. Additionally, over the past month, CreditAccess Grameen's stock has experienced a marginal decline of 0.13%, while the Sensex recorded a more substantial drop of 6.58%.