State Bank of India Stock Sees -3.48% Decline, Rated 'Hold' by MarketsMOJO

State Bank of India, one of the largest public banks in India, saw a decline of -3.48% in its stock price on September 6th, 2024. This underperformance was reflected in the stock call given by MarketsMOJO, which rated the stock as 'Hold'.

The stock touched an intraday low of Rs 792.5, a decrease of -3.19%, and its performance today was -0.61% lower than the sector average. However, the stock's moving averages were higher than the 200 day moving average, but lower than the 5 day, 20 day, 50 day, and 100 day moving averages.

The public banks sector as a whole has also seen a decline of -2.21%, indicating a general trend in the industry.

In comparison to the overall market performance, State Bank of India's stock performance was -3.55% on the same day, while the Sensex performance was -1.14%. Over the past month, the stock has seen a decline of -1.40%, while the Sensex has seen a positive growth of 3.40%.

While there may be fluctuations in the stock price, State Bank of India remains a strong player in the public banks industry. Investors are advised to hold their positions and monitor the stock's performance in the coming days.