CSB Bank hits 52-week low, underperforms sector and Sensex

Oct 14 2024 09:37 AM IST
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CSB Bank, a midcap private bank, has been on a downward trend for the last four days, hitting a 52-week low on October 14, 2024. The stock has been underperforming the sector by -1.26% and is currently trading below its moving averages. With a -14.03% performance compared to Sensex's 23.24% growth, the stock has been given a 'Sell' call by MarketsMojo.

CSB Bank, a midcap private bank, has recently hit a 52-week low on October 14, 2024. The stock has been underperforming the sector by -1.26% and has been on a downward trend for the last four days, with a fall of -3.95% in that period. Today, the stock hit a new low of Rs. 304.6.

The stock has been trading in a narrow range of Rs. 3 and is currently lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish sentiment in the market for CSB Bank.

In comparison to the Sensex, CSB Bank's performance over the past year has been -14.03%, while the Sensex has seen a growth of 23.24%. This shows a significant underperformance by the bank in the market.

MarketsMOJO has given a 'Sell' call for CSB Bank, suggesting a negative outlook for the stock. Investors should be cautious while considering this stock for their portfolio.
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