IDBI Bank Ltd. Stock Declines by -3.21% on September 19, Underperforming Sector

IDBI Bank Ltd., one of the largest public banks in India, has seen a decline in its stock price on September 19, 2024. The stock has lost -3.21% on this day, underperforming the sector by -2.18%. This marks the fourth consecutive day of losses for the stock, with a total decline of -8.3% in this period.

The stock's intraday low was recorded at Rs 86.88, a decrease of -3.28% from the previous day's closing price. While the stock's performance today may be a cause for concern, it is important to note that it is still performing better than the 200-day moving average. However, it is currently lower than the 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the overall market performance, IDBI Bank Ltd. has underperformed the Sensex by -3.45% in the past month. While the Sensex has seen a positive growth of 3.38%, the stock has declined by -10.13%.

MarketsMOJO has given a 'Hold' call for IDBI Bank Ltd. stock, indicating a neutral stance. It is important to note that this call is based on the stock's past performance and does not take into account any future potential or expert opinions. As a largecap company in the public banking industry, IDBI Bank Ltd. continues to be a significant player in the market.