Edelweiss Financial Services Stock Sees Decline Despite Outperforming Sector, MarketsMOJO Gives 'Hold' Call

Edelweiss Financial Services, a midcap finance and non-banking financial company (NBFC), saw a decline of -5.35% in its stock on October 22, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock opened with a gain of 2.06% today, but fell to an intraday low of Rs 108.2 (-5.09%) before closing at Rs 110.95. This marks the sixth consecutive day of losses for the company, with a total decline of -15.76% in this period.

Despite the recent decline, Edelweiss Financial Services' stock is still performing better than the sector, with a difference of -3.05%. However, it is currently trading below its 5 day, 20 day, and 50 day moving averages, while remaining higher than its 100 day and 200 day moving averages.

In comparison to the Sensex, Edelweiss Financial Services' stock has underperformed with a -5.35% decline, while the Sensex has only seen a -0.61% decline in the same period. Over the past month, the stock has seen a decline of -17.95%, while the Sensex has seen a decline of -4.60%.

Overall, Edelweiss Financial Services' stock has seen a decline in its performance, but it is still outperforming the sector and has a 'Hold' call from MarketsMOJO. Investors should keep an eye on the stock's performance in the coming days.