Equitas Small Finance Bank Ltd's Stock Price Rises by 5.37% After Six Consecutive Days of Decline

Equitas Small Finance Bank Ltd, a midcap private bank, has seen a rise in its stock price by 5.37% on October 23, 2024. This increase comes after the stock had been on a downward trend for six consecutive days. The stock has also outperformed the sector by 5.21% on the same day.

The stock of Equitas Small Finance Bank Ltd hit a new 52-week low of Rs.65.65 on the day, but managed to rebound and reach an intraday high of Rs.70.02, showing a gain of 5.58%. However, the stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock of Equitas Small Finance Bank Ltd has been given a 'Sell' call. This is based on the stock's recent performance and market trends.

In comparison to the overall market performance, Equitas Small Finance Bank Ltd has shown a positive 1-day performance of 5.52%, while the Sensex has shown a negative performance of -0.06%. Similarly, in the past month, the stock has shown a negative performance of -14.49%, while the Sensex has shown a negative performance of -5.60%.

Overall, Equitas Small Finance Bank Ltd has shown a mixed performance in the stock market, with a recent increase in stock price but a downward trend in the past month. Investors should carefully consider all factors before making any investment decisions.