Dhanlaxmi Bank Stock Plummets 25% Amid Broader Market Gains

Dec 27 2024 09:35 AM IST
share
Share Via
Dhanlaxmi Bank has recently undergone a revision in its score, reflecting ongoing challenges in its market performance. Despite a slight increase over the past month, the stock has significantly underperformed its sector. Additionally, it has been added to MarketsMojo's list, indicating heightened scrutiny of its financial health.
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.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News