Geojit Financial Services' Stock Drops -7.3% Amid Underperformance in Finance Sector

Geojit Financial Services, a smallcap company in the finance and NBFC industry, has seen a decline of -7.3% in its stock price on October 22, 2024. This drop in stock price has been attributed to the company's underperformance in the sector, with a -3.96% difference. The stock has also been on a downward trend for the past three days, with a total fall of -14.8% during this period.

On October 22, Geojit Financial Services' stock touched an intraday low of Rs 126, representing a -5.69% decrease from its previous closing price. However, the stock's moving averages show a mixed trend, with it being higher than the 100-day and 200-day moving averages, but lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Geojit Financial Services' stock has underperformed, with a -7.11% decrease on October 22, while the Sensex only saw a -0.46% decrease. Over the past month, the company's stock has also seen a decline of -10.64%, while the Sensex has only seen a -4.46% decrease.

While there has been no mention of any specific reasons for the decline in Geojit Financial Services' stock price, investors may want to keep an eye on the company's performance in the coming days. As of now, MarketsMOJO has given a 'Hold' call for the stock, indicating a neutral stance.