IDBI Bank Ltd. Stock Declines by -3.49% on October 7th, Reflecting Underperformance in Public Banking Industry.

IDBI Bank Ltd., one of the largest public banks in India, has seen a decline in its stock price by -3.49% on October 7th, 2024. This underperformance is reflected in the stock's current 'Hold' rating by MarketsMOJO.

The stock has been on a downward trend for the past three days, with a consecutive fall of -7.57% during this period. On October 7th, the stock touched an intraday low of Rs 81.02, a decrease of -3.38%. Additionally, IDBI Bank is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall market performance, IDBI Bank has underperformed with a -3.59% return in the past day, while the Sensex has shown a minimal increase of 0.01%. Over the past month, the stock has seen a decline of -8.54%, while the Sensex has shown a slight increase of 0.64%.

Despite these recent declines, IDBI Bank remains a largecap company in the public banking industry. As a neutral and informative news article, it is important to note these facts without mentioning any future potential, investor interest, or expert opinions. This information is based solely on the data provided and does not include any external sources.