Federal Bank's Stock Price Drops by -3.12% on September 4th, 2024

Federal Bank, one of the leading private banks in India, saw a decline of -3.12% in its stock price on September 4th, 2024. This drop in stock price was reflected in the stock call given by MarketsMOJO, which rated the stock as 'Hold'.

The stock opened with a loss of -2.5% and touched an intraday low of Rs 189.3, which was -3.25% lower than the previous day's closing price. The stock's performance today was also underwhelming compared to the sector, as it underperformed by -2.61%.

Despite this recent decline, Federal Bank's moving averages are still higher than the 100 day and 200 day moving averages. However, it is currently lower than the 5 day, 20 day, and 50 day moving averages.

In comparison to the Sensex, Federal Bank's performance in the past 1 day and 1 month has been -2.96% and -4.04% respectively, while the Sensex has performed at -0.56% and 1.37%.

As a largecap company in the private banking industry, Federal Bank's stock performance is closely watched by investors. While the recent decline may be a cause for concern, it is important to note that this is a fact-based article and does not include any speculation or recommendations. Investors are advised to do their own research and make informed decisions.