Equitas Small Finance Bank Hits 52-Week Low, Underperforms Sector and Sensex

Oct 07 2024 11:05 AM IST
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Equitas Small Finance Bank, a midcap private bank, has hit a 52-week low on October 7th, 2024. MarketsMojo has given the stock a 'Sell' call, indicating negative sentiment towards the company's performance. The stock closed at Rs. 73.39, underperforming the sector by -2.24% and trading below all its moving averages. In the past year, it has had a negative performance of -21.91% compared to Sensex's positive performance of 23.16%. 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 7th, 2024. The stock has been given a 'Sell' call by MarketsMOJO, indicating a negative sentiment towards the company's performance.

The stock price of Equitas Small Finance Bank closed at Rs. 73.39, which is the lowest it has been in the past 52 weeks. The stock has also underperformed the sector by -2.24% today, with an intraday low of Rs. 73.39, a decrease of -2.48%.

In terms of moving averages, Equitas Small Finance Bank is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests a downward trend in the stock's performance.

In comparison to the Sensex, Equitas Small Finance Bank has had a negative performance of -21.91% in the past year, while the Sensex has seen a positive performance of 23.16%. This further highlights the underperformance of the company's stock.

As a midcap private bank, Equitas Small Finance Bank may face challenges in the current market conditions. Investors should carefully consider their options before making any decisions regarding this stock.
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