IDBI Bank's Stock Sees Decline Amidst Bearish Trend and Underperformance

IDBI Bank ., one of the largest public banks in India, has seen a decline in its stock price on November 13, 2024. According to MarketsMOJO, a leading stock market analysis platform, the stock has been given a 'Sell' call. The stock has underperformed the sector by -0.45% and has been on a downward trend for the past 5 days, with a fall of -9.59% in this period. On the day of the decline, the stock touched an intraday low of Rs 77.18, a decrease of -3.49%.

The stock is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend. The public banks sector as a whole has also seen a decline of -3.18%.

In comparison to the overall market performance, IDBI Bank's stock has underperformed the Sensex by -4.10% in the past 1 day and -7.94% in the past 1 month. This decline in stock price may be a cause for concern for investors, but it is important to note that this is a fact-based analysis and does not include any external opinions or recommendations. As a largecap company in the public banks industry, IDBI Bank's performance will continue to be closely monitored by investors and analysts.