CreditAccess Grameen Shows Strong Performance Amid Market Volatility and Sector Outperformance

CreditAccess Grameen, a midcap player in the finance and non-banking financial company (NBFC) sector, has shown notable activity today, gaining 5.61% on January 28, 2025. The stock has outperformed its sector by 4.24%, reflecting a positive trend in its recent performance. Over the past two days, CreditAccess Grameen has recorded a cumulative return of 7.8%, indicating a consistent upward trajectory.
Despite opening the day with a loss of 4.06%, the stock rebounded to reach an intraday high of Rs 995.55, marking a 6.72% increase. However, it also experienced significant volatility, with an intraday range that saw a low of Rs 864.05, representing a decline of 7.38%. The stock's volatility today was calculated at 7.89%, highlighting the fluctuations in trading activity.

In terms of moving averages, CreditAccess Grameen is currently positioned higher than its 5-day, 20-day, and 50-day moving averages, yet remains below its 100-day and 200-day averages. Over the past month, the stock has delivered a robust performance of 15.58%, contrasting sharply with the Sensex, which has declined by 3.39%.