Equitas Small Finance Bank Hits 52-Week Low Amidst Underperformance in Market

Oct 16 2024 02:35 PM IST
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Equitas Small Finance Bank, a midcap private bank, has been on a downward trend for the past two days, with a -2.17% return. It hit a 52-week low on October 16, 2024 and is currently trading below its moving averages. Its performance has been -25.01% compared to Sensex's positive growth of 23.56%. Investors should carefully consider their options before investing in this stock.


Equitas Small Finance Bank, a midcap private bank, has recently hit a 52-week low on October 16, 2024. The stock has been underperforming the sector by -1.11% and has been on a downward trend for the past two days, with a -2.17% return in that period. This has led to a 'Sell' call by MarketsMOJO.

The stock's price summary shows that it hit a new low of Rs.72.4 today and is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock.

In comparison to the Sensex, Equitas Small Finance Bank's performance over the past year has been -25.01%, while the Sensex has seen a positive growth of 23.56%. This further highlights the underperformance of the stock.

Equitas Small Finance Bank, a midcap private bank, has been facing challenges in the market, leading to a decline in its stock price. Investors should carefully consider their options before making any decisions regarding this stock.
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