IDBI Bank's Stock Price Declines by 3.76% on November 4th, Underperforming Sector

IDBI Bank ., one of the leading public banks in India, has seen a decline in its stock price on November 4th, 2024. The stock has lost -3.76% on this day, underperforming the sector by -1.58%. The stock touched an intraday low of Rs 80.93, a decrease of -4.08%.

According to MarketsMOJO, a leading stock market analysis platform, the stock call for IDBI Bank is 'Hold'. This suggests that investors should hold onto their current positions in the stock and not make any new investments.

Looking at the price summary, IDBI Bank is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance.

In terms of sector performance, public banks have also seen a decline of -2.21%. This could be attributed to various factors such as economic conditions, government policies, and industry competition.

Comparing the 1 day and 1 month performance of IDBI Bank with the overall market, the stock has underperformed both the Sensex and the sector. On November 4th, the stock's performance was -3.75% while the Sensex's performance was -1.64%. Similarly, in the past month, IDBI Bank's performance was -3.15% compared to the Sensex's -4.00%.

It is important to note that this article is based on factual information and does not include any external data or sources. As a largecap company in the public banking industry, IDBI Bank's performance is closely watched by investors and analysts.