Edelweiss Financial Services Sees Revision in Score Amid Market Challenges

Jan 06 2025 02:05 PM IST
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Edelweiss Financial Services has recently undergone a revision in its score, reflecting the stock's recent performance challenges. The stock has been added to MarketsMojo's list, indicating a notable shift in market sentiment. Despite being above key moving averages, it has struggled against sector trends and broader market declines.
Edelweiss Financial Services, a midcap player in the Finance/NBFC sector, has recently experienced a revision in its score by MarketsMOJO. The stock has faced a challenging period, with a notable decline of over 5% on January 6, 2025, underperforming its sector by a margin of 2.63%.

This marks the second consecutive day of losses for Edelweiss, which has seen a total drop of over 6% in returns during this timeframe. The stock reached an intraday low of Rs 118.5, reflecting a significant downturn in its performance.

Despite the recent struggles, Edelweiss Financial Services maintains moving averages that are higher than the 50-day, 100-day, and 200-day benchmarks, although it is currently trailing behind the 5-day and 20-day moving averages. The broader Finance/NBFC sector has also faced headwinds, with a decline of 2.42%.

In light of these developments, Edelweiss Financial Services has been added to MarketsMOJO's list, indicating a shift in its evaluation amidst the current market dynamics.
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