Jana Small Finance Bank's Stock Declines by -5.19% on October 7th, Underperforms Sector

Jana Small Finance Bank, a midcap private bank, has seen a decline in its stock price by -5.19% on October 7th, 2024. This decline has been reflected in the stock's performance today, as it underperformed the sector by -3.28%. The stock has been on a consecutive fall for the last 5 days, with a total decline of -9.87% during this period.

On October 7th, the stock touched an intraday low of Rs 530.4, showing a decline of -5.19%. This is a significant decrease from its previous closing price. The stock is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend.

In comparison to the overall market performance, Jana Small Finance Bank's stock has underperformed. On the same day, the Sensex showed a decline of -1.06%, while Jana Small Finance Bank's stock showed a decline of -3.67%. Similarly, in the last month, the stock has shown a decline of -5.48%, while the Sensex has only declined by -0.45%.

Despite these recent declines, MarketsMOJO has given a 'Hold' call for Jana Small Finance Bank's stock. This neutral stance suggests that investors should hold onto their current positions and wait for further developments. As a midcap private bank, Jana Small Finance Bank's stock performance is closely watched by investors and analysts. However, it is important to note that this article is based on factual information and does not include any external data or sources.