CSB Bank's Stock Hits 52-Week Low, Underperforms Sector by -2.39%

Oct 25 2024 10:36 AM IST
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On October 25, 2024, CSB Bank's stock price hit a 52-week low of Rs. 296.05. The bank's performance has been lackluster, with a -2.39% underperformance compared to the sector. Moving averages also show a downward trend. In the past year, the stock has declined by 7.37%, while the Sensex has grown by 24.31%. Despite this, CSB Bank remains a midcap private bank with potential for growth.

CSB Bank, a midcap private bank, saw its stock price hit a 52-week low on October 25, 2024. The stock, which is currently trading at Rs. 296.05, has been given a 'Hold' call by MarketsMOJO.

The bank's performance today has been underwhelming, as it has underperformed the sector by -2.39%. The stock touched an intraday low of Rs. 296.05, a decrease of 4.28% from the previous day's closing price.

CSB Bank's moving averages also show a downward trend, with the stock trading below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, CSB Bank's stock has seen a decline of 7.37%, while the Sensex has shown a growth of 24.31%. This indicates that the bank's stock has not performed as well as the overall market.

Despite the recent dip in stock price, CSB Bank remains a midcap private bank with potential for growth. Investors are advised to hold onto their shares for now, as the bank's performance in the coming months could see an improvement.
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