Spandana Sphoorty Financial Faces Continued Stock Decline Amid High Volatility

Jan 24 2025 09:31 AM IST
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Spandana Sphoorty Financial's stock has faced notable declines, marking its third consecutive day of losses. The stock opened lower and exhibited high volatility during trading. Currently, it is trading below several key moving averages, indicating a bearish trend in the short to medium term.
Spandana Sphoorty Financial, a small-cap player in the finance and non-banking financial company (NBFC) sector, has experienced significant declines in its stock performance today. On January 24, 2025, the stock plummeted by 9.59%, underperforming its sector by 9.62%. This marks the third consecutive day of losses, with a total decline of 11.53% over this period.

The stock opened at Rs 324.65, reflecting an immediate gap down, and reached an intraday low of the same price. Throughout the trading session, it has shown high volatility, with an intraday volatility rate of 267.83%, indicating substantial fluctuations in trading activity.

In terms of moving averages, Spandana Sphoorty Financial is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. Over the past month, the stock has managed a modest gain of 1.80%, contrasting with the Sensex's decline of 2.32%.
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