IDBI Bank Faces Continued Stock Decline Amid Broader Public Banking Sector Challenges

IDBI Bank has experienced a notable decline today, with its stock price dropping by 3.18% as of February 28, 2025. This downturn is part of a broader trend, as the stock has now fallen for five consecutive days, resulting in a total decline of 6.77% over this period. Currently, IDBI Bank's stock is trading 4.76% above its 52-week low of Rs 65.89, indicating a challenging market position.
In terms of performance metrics, IDBI Bank's day saw an intraday low of Rs 69, reflecting a decrease of 2.83%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a persistent downward trend.

The public banking sector as a whole has also faced challenges, with a decline of 3.16%. In comparison to the broader market, IDBI Bank's one-day performance of -3.03% contrasts with the Sensex's decline of 1.80%, while over the past month, IDBI Bank has underperformed with a drop of 11.31% compared to the Sensex's 3.47% decrease.