Equitas Small Finance Bank Hits 52-Week Low, Given 'Sell' Call by MarketsMOJO

Oct 08 2024 09:36 AM IST
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Equitas Small Finance Bank, a midcap private bank, has hit a 52-week low on October 8, 2024. The stock has been underperforming the sector by -1.25% and has been on a downward trend for the past two days, with a -3.08% return. According to MarketsMojo, the stock has been given a 'Sell' call and is currently trading at Rs.72.51, lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The bank has shown a negative 1-year performance of -22.20% compared to the Sensex's 22.87%. This decline in stock price is attributed to challenges faced by the bank in the market. Investors and experts are advised to closely monitor the bank's performance and make informed decisions in the current market conditions.

Equitas Small Finance Bank, a midcap private bank, has recently hit a 52-week low on October 8, 2024. The stock has been underperforming the sector by -1.25% and has been on a downward trend for the past two days, with a -3.08% return during this period.

According to MarketsMOJO, the stock has been given a 'Sell' call. The current price of the stock is Rs.72.51, which is the new 52-week low. This is lower than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend for the stock.

In comparison to the Sensex performance of 22.87%, Equitas Small Finance Bank has shown a negative 1-year performance of -22.20%. This midcap private bank has been facing challenges in the market, leading to a decline in its stock price.

Investors and experts are advised to closely monitor the performance of Equitas Small Finance Bank and make informed decisions. With the current market conditions, it is important to carefully consider all factors before making any investment decisions.
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