J&K Bank Stock Sees Decline of -5.03%, MarketsMOJO Issues 'Sell' Call

The Jammu & Kashmir Bank Ltd., a midcap public bank, has been facing a downward trend in its stock performance. On October 25, 2024, the stock saw a decline of -5.03%, closing at Rs 89. This has led to a 'Sell' call by MarketsMOJO, indicating a negative outlook for the stock.

The stock is currently trading close to its 52-week low of Rs 88.2, with a difference of only 1.45%. It has also underperformed the sector by -2.06% in its performance today. This is the second consecutive day of losses for the stock, with a total decline of -4.94% in this period. The intraday low for the stock was Rs 89, a decrease of -4.81%.

In terms of moving averages, J&K Bank is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The public banks sector has also seen a decline of -2.48%.

In comparison to the overall market performance, The Jammu & Kashmir Bank Ltd. has seen a decline of -4.71% in the last 1 day, while the Sensex has only seen a decline of -0.81%. In the last 1 month, the stock has seen a decline of -18.26%, while the Sensex has seen a decline of -6.75%.

Investors and experts are advised to closely monitor the performance of The Jammu & Kashmir Bank Ltd. and the public banks sector in the coming days. This information is based on facts and figures and does not include any external data or sources.