IDFC First Bank's Stock Price Declines by -3.01% on July 2nd, Reflecting 'Hold' Rating by MarketsMOJO.

IDFC First Bank ., one of the leading private banks in India, has seen a decline in its stock price by -3.01% on July 2nd, 2024. This underperformance is reflected in the stock's current 'Hold' rating by MarketsMOJO. The stock has been on a downward trend for the past 5 days, with a consecutive fall of -5.11% during this period. On July 2nd, the stock touched an intraday low of Rs 78.48, a decrease of -3.28%. This decline is also evident in the stock's performance compared to its sector, as it has underperformed by -2.65%. IDFC First Bank's current stock price is also trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a bearish trend in the stock's performance. In comparison to the overall market, IDFC First Bank's 1 day performance is -2.90%, while the Sensex's performance is -0.05%. However, the stock has shown a positive 1 month performance of 3.10%, while the Sensex has performed better with a 7.40% increase. Despite the recent decline in stock price, IDFC First Bank remains a largecap company in the private banking industry. As a neutral and informative news article, it is important to note that this article does not mention any future potential, investor interest, or expert opinions. The information provided is based on facts and data, without any recommendations.