IDBI Bank's Stock Sees Decline, Underperforms Sector and Market on October 22

IDBI Bank Ltd., one of the largest public banks in India, has seen a decline in its stock price on October 22, 2024. The stock has lost -3.23% on this day, underperforming the sector by -2%. MarketsMOJO has given a 'Hold' call for the stock.

The stock has been on a downward trend for the past 2 days, with a fall of -5.24% in this period. On October 22, the stock touched an intraday low of Rs 78.75, a decrease of -3.54%. IDBI Bank's performance is also lower than various moving averages, including the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the overall market performance, IDBI Bank's stock has underperformed. On October 22, the stock's performance was -3.05% while the Sensex's performance was -0.33%. In the past month, the stock has seen a decline of -11.30%, while the Sensex has seen a decline of -4.33%.

Investors and experts are advised to hold their positions on IDBI Bank's stock, as per MarketsMOJO's recommendation. This news article is based on factual information and does not include any future potential, investor interest, or expert opinions. As a largecap company in the public banking industry, IDBI Bank's stock performance is closely monitored by investors and analysts.