CreditAccess Grameen's Stock Hits 52-Week Low Amidst Sector Underperformance

Oct 14 2024 09:37 AM IST
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CreditAccess Grameen, a leading microfinance institution in India, has seen a decline in its stock price, hitting a 52-week low on October 14, 2024. The company has been given a 'Hold' rating by MarketsMojo and its stock is currently trading below its moving averages. In comparison to the Sensex, the company's performance has been significantly lower.

CreditAccess Grameen, a leading microfinance institution in India, has recently seen a dip in its stock price, hitting a 52-week low on October 14, 2024. The company, which operates in the finance/NBFC industry and is classified as a midcap, has been given a 'Hold' rating by MarketsMOJO.

The stock's performance today has underperformed the sector by -1.99%, with a new 52-week low of Rs.1062.05. This is the third consecutive day of losses for CreditAccess Grameen, with a decline of -7.5% in the past three days.

In terms of moving averages, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's price.

In comparison to the Sensex, CreditAccess Grameen's performance over the past year has been -24.03%, while the Sensex has seen a positive growth of 23.24%. This shows a significant difference in the company's performance compared to the overall market.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative overview of CreditAccess Grameen's recent stock performance. As always, investors are advised to do their own research and make informed decisions before investing in any company.
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