RBL Bank Hits 52-Week Low Amid Ongoing Decline and Sector Underperformance

Jan 13 2025 03:05 PM IST
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RBL Bank's stock has reached a new 52-week low, reflecting a significant downturn for the midcap private bank. It has underperformed its sector and experienced a consecutive decline over the past five days. The bank's performance over the past year has also been notably poor compared to the broader market.
RBL Bank has reached a new 52-week low, with its stock price hitting Rs. 147.45 today. This decline marks a significant downturn for the midcap private bank, which has underperformed its sector by 2.49%. Over the past five days, RBL Bank's stock has seen a consecutive fall, resulting in an overall decline of 11.03%. During intraday trading, the stock touched a low of Rs. 147.45, reflecting a decrease of 4.47%.

In terms of moving averages, RBL Bank is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the bank's performance has been notably poor, with a decline of 49.00%, contrasting sharply with the Sensex, which has gained 5.27% during the same period. The overall sentiment surrounding RBL Bank's recent performance remains cautious.
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