IDBI Bank Ltd. Stock Sees 3.09% Increase, MarketsMOJO Recommends 'Hold' Based on Performance

IDBI Bank Ltd., a largecap public bank, saw a 3.09% increase in its stock price on September 23, 2024. The stock has been performing well in the past two days, with a consecutive gain of 2.63%. However, it underperformed the sector by -0.32% on the same day. According to MarketsMOJO, a leading stock market analysis and research platform, the current stock call for IDBI Bank Ltd. is 'Hold'. This recommendation is based on the stock's performance and market trends, without any influence from investor interest or expert opinions. In terms of moving averages, IDBI Bank Ltd.'s stock is currently higher than its 100-day and 200-day moving averages. However, it is lower than its 5-day, 20-day, and 50-day moving averages. This indicates a mixed trend in the stock's performance. On the same day, IDBI Bank Ltd.'s 1-day performance was 3.10%, outperforming the Sensex's performance of 0.23%. However, over the past month, the stock has seen a decline of -6.65%, while the Sensex has shown a positive growth of 4.50%. Overall, IDBI Bank Ltd. has shown a positive performance in the past two days, but its long-term performance has been relatively weaker compared to the market. Investors are advised to hold onto their stocks and keep an eye on the company's future developments.