IDBI Bank's Stock Sees 3.76% Increase, Outperforms Public Banks Sector on November 25th, 2024

IDBI Bank Ltd., one of the leading public banks in India, saw a positive trend in its stock performance on November 25th, 2024. The stock gained 3.76% on this day, in line with the overall performance of the public banks sector. This gain marks the second consecutive day of growth for IDBI Bank, with a total increase of 4.31% in the past two days.

The stock opened with a gain of 3.14% today, and reached an intraday high of Rs 80.33, a 4.54% increase from the previous day's closing price. However, the stock's moving averages are currently higher than the 5-day average, but lower than the 20-day, 50-day, 100-day, and 200-day averages.

In comparison to the overall performance of the public banks sector, which has seen a gain of 2.92%, IDBI Bank's stock has outperformed with a 3.76% increase. This positive performance is also higher than the Sensex's performance of 1.52% on the same day.

Looking at the longer-term performance, IDBI Bank's stock has seen a decline of -3.46% in the past month, while the Sensex has seen a slight increase of 1.15%. Based on these numbers, MarketsMOJO has given a 'Sell' call for IDBI Bank's stock.

Overall, IDBI Bank's stock has shown a positive trend in its performance on November 25th, 2024, with a gain of 3.76%. However, it is important to note that this information is based on factual data and does not include any external opinions or recommendations. Investors are advised to do their own research and analysis before making any investment decisions.