Dhanlaxmi Bank Stock Plummets 25% Amid Broader Market Gains

Dhanlaxmi Bank, a small-cap player in the private banking sector, has recently faced significant challenges in the market. On December 27, 2024, the bank's stock plummeted by 25.0%, marking a stark underperformance compared to its sector peers. The stock opened the day with a notable gap down, reflecting a loss of 26.58%, and reached an intraday low of Rs 32.57. In terms of moving averages, Dhanlaxmi Bank is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Over the past day, the bank's performance was down 25.14%, while the broader Sensex index saw a modest gain of 0.37%. Despite a slight recovery over the past month, with a performance of 1.25%, Dhanlaxmi Bank still lags behind the Sensex, which recorded a decline of 1.83%. These metrics highlight the bank's current struggles in a competitive financial landscape.