Recent Price Performance and Market Comparison
Equitas Small Finance Bank’s shares have underperformed significantly against the benchmark Sensex index. Over the past week, the stock has declined by 5.24%, while the Sensex remained virtually flat with a 0.01% gain. Year-to-date, the bank’s shares are down 5.28%, whereas the Sensex has advanced by 9.69%. Even over a one-year horizon, the stock has lost 5.49% compared to the Sensex’s 4.83% rise. This relative underperformance signals investor caution and a lack of confidence in the bank’s near-term prospects.
On the day in question, the stock touched an intraday low of ₹60.34, down 3.11%, and traded below its short-term moving averages (5-day and 20-day), despite remaining above longer-term averages such as the 50-day, 1...
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