JM Financial's Stock Receives 'Buy' Call Despite Recent Dip in Price

JM Financial, a leading finance and non-banking financial company (NBFC) in the midcap sector, has recently seen a dip in its stock price. On October 22, 2024, the company's stock lost -5.37%, underperforming the sector by -2.79%. However, despite this recent dip, MarketsMOJO has given a 'Buy' call for JM Financial's stock.

Taking a closer look at the price summary, we can see that the stock has been on a consecutive fall for the last 2 days, with a -11.78% decline in returns during this period. The stock touched an intraday high of Rs 150.85 (2.51%) and an intraday low of Rs 138.5 (-5.88%). While the stock's moving averages are higher than the 50 day, 100 day, and 200 day averages, it is lower than the 5 day and 20 day averages.

In terms of sector performance, Finance/NBFC has fallen by -2%, which could be a contributing factor to JM Financial's recent dip in stock price. However, it is important to note that despite this dip, JM Financial's 1 day and 1 month performance is still better than the Sensex's performance, with -5.37% and 10.34% returns respectively, compared to the Sensex's -0.94% and -4.91% returns.

Overall, while JM Financial's stock may have seen a recent decline, it is still performing better than the overall market and has received a 'Buy' call from MarketsMOJO. With its strong presence in the finance and NBFC sector, JM Financial continues to be a promising player in the midcap industry.