Geojit Financial Services Stock Sees -14.82% Decline, But Long-Term Performance Remains Positive

Geojit Financial Services, a smallcap company in the finance and NBFC industry, has recently faced a dip in its stock price. On October 7th, 2024, the company's stock saw a decline of -14.82%, causing it to underperform the sector by -15.5%. This drop was reflected in the stock's opening, as it started the day with a loss of -14.82%.

Despite this recent decline, Geojit Financial Services has been performing well in the long term. The stock's moving averages are higher than the 50-day, 100-day, and 200-day averages, indicating a positive trend. However, it is currently lower than the 5-day and 20-day moving averages.

In terms of performance compared to the overall market, Geojit Financial Services has seen a -16.52% decline in the past day, while the Sensex has only seen a 0.20% increase. Over the past month, the company's stock has also underperformed the Sensex, with a -14.24% decline compared to the market's 0.82% growth.

Despite this recent dip in stock price, it is important to note that Geojit Financial Services is a smallcap company in the finance and NBFC industry. This means that it may have more volatility in its stock price compared to larger companies. Investors should consider the company's long-term performance and potential before making any decisions.