Equitas Small Finance Bank hits 52-week low, underperforms market by -2.42%

Equitas Small Finance Bank, a midcap private bank, has recently hit a 52-week low on October 17, 2024. The stock has been underperforming the sector by -2.42% and has been on a downward trend for the past three days, with a fall of -5.46% in returns during this period. The stock touched an intraday low of Rs 69.7, a decrease of -3.19%.

According to MarketsMOJO, the stock call for Equitas Small Finance Bank is 'Sell'. The bank's performance in the past year has been -29.46%, while the Sensex has seen a growth of 22.59%. This indicates a significant underperformance by the bank compared to the overall market.

Equitas Small Finance Bank is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend for the stock. This could be a cause for concern for investors and may lead to further selling pressure.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of the stock. Investors are advised to do their own research and consult with a financial advisor before making any investment decisions.