IDBI Bank Ltd. Stock Sees Decline of -3.92% and Rated as 'Hold' by MarketsMOJO

IDBI Bank Ltd., a largecap public bank, has seen a decline in its stock price by -3.92% on September 6th, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold'. In terms of performance, IDBI Bank Ltd. has outperformed the sector by 1.04% today. However, the stock has been on a downward trend for the past 7 days, with a fall of -5.34% during this period. The stock also touched an intraday low of Rs 90.65, showing a decline of -2.05%. While the stock's moving averages are higher than the 100 day and 200 day averages, they are lower than the 5 day, 20 day, and 50 day averages. This indicates a mixed trend for the stock. In comparison to the sector, Public Banks, which has fallen by -2.93%, IDBI Bank Ltd. has seen a larger decline of -3.92%. However, in terms of overall market performance, IDBI Bank Ltd. has underperformed the Sensex, which has seen a decline of -1.19% on the same day. Looking at the longer term performance, IDBI Bank Ltd. has seen a decline of -3.30% in the past month, while the Sensex has seen a growth of 3.35% during the same period. Overall, IDBI Bank Ltd. has seen a decline in its stock price and is currently rated as 'Hold' by MarketsMOJO. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.