IndusInd Bank's Stock Price Drops by -3.12% and Hits 52-Week Low on October 29, 2024

Oct 29 2024 10:45 AM IST
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However, on October 29, 2024, the bank's stock price saw a decline of -3.12%, hitting a new 52-week low of Rs.1023.85. This drop in stock value has been reflected in the 'Sell' call given by MarketsMojo, and the bank's performance has been underperforming the sector and trading below its moving averages. On a broader scale, IndusInd Bank's performance has also been lower compared to the Sensex.

IndusInd Bank ., a largecap private bank, has seen a decline in its stock price by -3.12% on October 29, 2024. This drop in stock value has been reflected in the 'Sell' call given by MarketsMOJO. The stock has also hit a new 52-week low of Rs.1023.85 on the same day.

In terms of performance, IndusInd Bank has underperformed the sector by -2.98% and 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.

On a broader scale, IndusInd Bank's 1-day performance is -3.12% compared to the Sensex's -0.60% performance. Similarly, its 1-month performance is -30.13% while the Sensex has seen a decline of -7.07%.

Despite these numbers, it is important to note that this article is not making any recommendations or predictions about the future potential of IndusInd Bank's stock. It is simply presenting the current facts and figures in a neutral and informative tone. As a largecap private bank, IndusInd Bank remains a significant player in the banking industry.
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