UCO Bank's Stock Price Declines by -3.06% and Rated as 'Sell' by MarketsMOJO.
On October 22, 2024, UCO Bank's stock price declined by -3.06% and is currently trading at Rs 44.69. MarketsMojo has rated it as 'Sell' due to underperformance in the sector and a trend reversal after two days of gains. The stock is trading below its moving averages and has shown a decline of -3.56% in the past day compared to the Sensex's slight increase of 0.19%.
UCO Bank, one of the leading public banks in India, has seen a decline in its stock price on October 22, 2024. The stock has lost -3.06% and is currently trading at Rs 44.69. This decline has been reflected in the stock call given by MarketsMOJO, which has rated UCO Bank as 'Sell'.
The stock has underperformed the sector by -2.64% and has also shown a trend reversal after two consecutive days of gains. The intraday low for the stock was Rs 44.69, which is a decrease of -3.69%. UCO Bank is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend in its stock price.
In comparison to the overall market performance, UCO Bank has shown a decline of -3.56% in the past day, while the Sensex has seen a slight increase of 0.19%. Over the past month, UCO Bank has also underperformed the Sensex with a decline of -6.71% compared to the Sensex's -3.83% decrease.
Investors and experts are advised to closely monitor the performance of UCO Bank in the coming days, as the stock has shown a downward trend and has been rated as 'Sell' by MarketsMOJO. This information is based on factual data and does not include any external sources or recommendations.
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