CreditAccess Grameen's Stock Hits 52-Week Low, Underperforms Sector by -0.79%

CreditAccess Grameen, a leading finance and non-banking financial company (NBFC) in the midcap industry, has recently seen a dip in its stock price. On October 15, 2024, the company's stock touched a 52-week low of Rs 1051.1. This has led to a 'Hold' call on the stock by MarketsMOJO.

The stock is currently trading at 0.15% away from its 52-week low, indicating a downward trend in its performance. In fact, CreditAccess Grameen has underperformed the sector by -0.79% today. The stock has been on a consecutive fall for the last four days and has seen a decline of -8.39% in this period.

Moreover, the company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting its poor performance. In the past year, CreditAccess Grameen's stock has seen a decline of -24.41%, while the Sensex has shown a positive growth of 23.33%.

While the company's stock may be facing a downward trend currently, it is important to note that this is a fact-based analysis and does not include any external data or sources. As a responsible investor, it is always advisable to do thorough research and analysis before making any investment decisions.