Equitas Small Finance Bank Hits 52-Week Low, Underperforms Sector by -4.48%

Equitas Small Finance Bank, a midcap private bank, has recently hit a 52-week low on November 11, 2024. The stock has been underperforming the sector by -4.48% and has been on a downward trend for the past three days, with a fall of -7.06% during this period. Today, the stock opened with a loss of -4.25% and touched an intraday low of Rs 65.06, which is -5.27% lower than the previous day's close.

According to MarketsMOJO, the stock call for Equitas Small Finance Bank is 'Sell'. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the Sensex, Equitas Small Finance Bank has had a negative performance of -31.41% in the past year, while the Sensex has shown a positive performance of 22.44%. This highlights the underperformance of the stock in the market.

Investors and experts are advised to closely monitor the performance of Equitas Small Finance Bank and make informed decisions based on their individual risk appetite and investment goals. It is important to note that this article is based on factual information and does not offer any recommendations or predictions about the future potential of the stock.