IDBI Bank Ltd. Stock Declines -3.03% on November 8th, Underperforming Sector

IDBI Bank Ltd., one of the largest public banks in India, has seen a decline in its stock price on November 8th, 2024. The stock has lost -3.03% on this day, underperforming the sector by -0.71%. This is the second consecutive day of losses for the stock, with a total decline of -3.77% in this period.

The stock touched an intraday low of Rs 82.27, showing a decrease of -2.85%. However, it is worth noting that the stock is currently trading higher than its 20-day moving average, but lower than its 5-day, 50-day, 100-day, and 200-day moving averages.

In comparison, the public banks sector has also seen a decline of -2.07%. This could be attributed to the overall market sentiment and performance of the sector.

On a broader scale, IDBI Bank Ltd. has underperformed the Sensex, with a 1-day performance of -3.11% compared to the Sensex's -0.24%. In the past month, the stock has also seen a decline of -0.75%, while the Sensex has seen a decline of -2.80%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions, but rather to inform readers about the recent performance of IDBI Bank Ltd. and its comparison to the sector and overall market. Investors are advised to conduct their own research and analysis before making any investment decisions.