IDBI Bank Experiences Notable Adjustment in Evaluation Amidst Market Challenges

Jan 06 2025 12:40 PM IST
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IDBI Bank has recently undergone a revision in its score, reflecting ongoing challenges in the market. The stock has struggled with a notable decline over the past month, underperforming compared to broader market indices. Additionally, IDBI Bank has been added to MarketsMojo's list, indicating a shift in evaluation amidst a tough public banking sector landscape.
IDBI Bank has recently experienced a revision in its score, reflecting changes in its market performance and overall evaluation. The stock has seen a decline of 3.28% as of January 6, 2025, aligning closely with the broader trends in the public banking sector, which has also faced a downturn of 2.8%.

In terms of intraday trading, IDBI Bank reached a low of Rs 74.84, marking a decrease of 3.49%. The stock is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging market position.

Over the past month, IDBI Bank has underperformed, with a decline of 11.57%, compared to a 4.05% drop in the Sensex. In light of these developments, IDBI Bank has been added to MarketsMOJO's list, suggesting a notable adjustment in its evaluation amidst the current market conditions.
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