Jana Small Finance Bank's Stock Sees 6.02% Decline, But Long-Term Performance Remains Strong

Jana Small Finance Bank, a midcap private bank, saw a decline of 6.02% in its stock price on July 23, 2024. This was in line with the overall performance of the sector, as the bank underperformed by 4.44%. The stock touched an intraday low of Rs 661.8, a decrease of 4.91%.

Despite this recent dip, Jana Small Finance Bank's stock is still performing well in the long term. It is currently trading higher than its 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day and 20-day moving averages.

In comparison to the Sensex, Jana Small Finance Bank's stock performance in the past day and month has been negative, with a decline of 6.47% and 10.63%, respectively. This is in contrast to the Sensex's performance of -0.15% in the past day and 4.11% in the past month.

As a midcap private bank, Jana Small Finance Bank has been making strides in the banking industry. While its recent stock performance may have been affected by market conditions, the bank's long-term performance remains strong. Investors are advised to hold onto their stocks for now, as recommended by MarketsMOJO.