CreditAccess Grameen Shows Strong Performance Amid Broader Market Trends

Jan 29 2025 09:45 AM IST
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CreditAccess Grameen has experienced notable stock performance, gaining 5.06% on January 29, 2025, and outperforming its sector. Over three days, it accumulated a total return of 10.25%. The stock has consistently exceeded its shorter-term moving averages, contrasting sharply with the broader market trends.
CreditAccess Grameen, a midcap player in the finance and non-banking financial company (NBFC) sector, has shown significant activity today, gaining 5.06% on January 29, 2025. This performance has allowed the stock to outperform its sector by 4.73%. Over the past three days, CreditAccess Grameen has demonstrated a consistent upward trend, accumulating a total return of 10.25%.

The stock reached an intraday high of Rs 1014, marking a 5.64% increase at its peak. In terms of moving averages, the stock is currently positioned higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

In the broader market context, CreditAccess Grameen's one-day performance of 5.06% stands in stark contrast to the Sensex, which recorded a modest gain of 0.36%. Over the past month, the stock has surged by 20.16%, while the Sensex has declined by 3.20%. These metrics highlight the stock's robust performance relative to the overall market and its sector.
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