IDBI Bank Ltd. Stock Sees -3.49% Decline, MarketsMOJO Gives 'Hold' Call

Sep 17 2024 12:15 PM IST
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On September 17, 2024, IDBI Bank Ltd. experienced a -3.49% decline in its stock price, as reported by MarketsMojo. The stock has been on a downward trend for the past two days, but is still performing better than its moving averages. In comparison to the overall market, the stock has seen a decline of -3.53% in just one day. Despite this, IDBI Bank Ltd. remains a largecap company in the public banking industry.


IDBI Bank Ltd., one of the largest public banks in India, saw a decline of -3.49% in its stock price on September 17, 2024. This underperformance was noted by MarketsMOJO, who has given a 'Hold' call for the stock.

The stock has been on a downward trend for the past two days, with a fall of -3.57% during this period. On the same day, the stock touched an intraday low of Rs 91.45, showing a decrease of -2.96%. However, the stock is still performing better than its 5-day, 100-day, and 200-day moving averages, but is lower than its 20-day and 50-day moving averages.

In comparison to the overall market performance, IDBI Bank Ltd. has seen a decline of -3.53% in just one day, while the Sensex has shown a slight increase of 0.09%. Over the past month, the stock has also underperformed the Sensex, with a decline of -3.65% compared to the Sensex's growth of 3.27%.

Despite these recent declines, IDBI Bank Ltd. remains a largecap company in the public banking industry. Investors should keep an eye on the stock's performance and make informed decisions based on their own research and analysis.
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