Geojit Financial Services Ltd shows signs of turnaround despite recent stock dip.

Geojit Financial Services Ltd, a smallcap finance and NBFC company, has recently seen a dip in its stock price. On June 25, 2024, the company's stock lost -7.12%, underperforming the sector by -7.36%. This may be a cause for concern for some investors, but according to MarketsMOJO, the stock is still a 'Buy' call. Despite the recent dip, Geojit Financial Services Ltd has been showing positive signs of a turnaround. It has been a part of MarketsMOJO's Hidden Turnaround list since November 1, 2023. This indicates that the company has been making efforts to improve its performance and financials. On the day of the dip, the stock touched an intraday low of Rs 104.2, which is a decrease of -7.46%. However, the stock's moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages, indicating a positive trend in the long run. In comparison to the Sensex performance, Geojit Financial Services Ltd has underperformed in the past 1 day and 1 month, with a -6.99% and 1.51% decrease respectively. However, it is important to note that the Sensex has also seen a decrease in the past 1 day, while Geojit Financial Services Ltd has shown a positive performance in the past 1 month. Overall, Geojit Financial Services Ltd may have experienced a dip in its stock price, but it is still showing signs of a potential turnaround. With a 'Buy' call from MarketsMOJO and positive moving averages, the company may be worth considering for long-term investment.