Edelweiss Financial Services Stock Sees -5.42% Decline, Still Outperforms Sensex in 1-Month

Edelweiss Financial Services, a midcap finance and non-banking financial company (NBFC), saw a decline of -5.42% in its stock price on August 22, 2024. The stock was given a 'Hold' call by MarketsMOJO, a leading stock market analysis platform.

The stock's performance today was underwhelming as it underperformed the sector by -5.71%. This is a significant drop from its 52-week high of Rs.101.48, which was hit earlier in the day. The stock also saw a trend reversal as it fell after three consecutive days of gains.

During intraday trading, the stock touched a low of Rs.95.1, a decrease of -5.57%. However, it is worth noting that Edelweiss Financial Services is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Edelweiss Financial Services' 1-day performance was -5.27%, while the Sensex saw a positive performance of 0.24%. Over the past month, the stock has outperformed the Sensex with a 1-month performance of 56.70% compared to the Sensex's 0.75% performance.

Overall, Edelweiss Financial Services' stock saw a decline on August 22, 2024, but it is still performing well in the market. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.