Jana Small Finance Bank's Stock Soars to New High, Outperforms Sector and Sensex

Jana Small Finance Bank, a midcap private bank, has seen a significant increase in its stock price on June 10, 2024. The stock has gained 10.48% and is currently trading at a new 52-week and all-time high of Rs. 740. This performance has outperformed the sector by 9.83%.

The stock has been on a consecutive gain for the last two days, with a total rise of 16.83% during this period. It also saw a high volatility today, with an intraday volatility of 7.35%. This was calculated from the weighted average price.

Jana Small Finance Bank's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock.

In comparison to the Sensex performance, Jana Small Finance Bank's stock has outperformed with a 1-day performance of 8.63% while the Sensex has seen a -0.14% performance. Similarly, in the last 1 month, Jana Small Finance Bank's stock has shown a 6.54% performance, while the Sensex has seen a 5.39% performance.

Overall, Jana Small Finance Bank's stock has shown a strong performance in the market, with a significant increase in its stock price and outperforming the sector and Sensex. Investors may want to hold onto their stocks, as suggested by MarketsMOJO's 'Hold' call.