Satin Creditcare Network Faces Continued Stock Decline Amid Broader Market Challenges
Satin Creditcare Network's stock has encountered significant difficulties, reaching a new 52-week low amid a broader sector decline. The shares have underperformed relative to the finance/NBFC sector and the Sensex, with notable losses over recent days and a sustained downward trend across various moving averages.
Satin Creditcare Network has faced significant challenges in its stock performance, with shares declining by 7.18% on January 13, 2025, reaching a new 52-week low of Rs. 139. This downturn is part of a broader trend, as the stock has underperformed its sector by 4.47% and has experienced a cumulative loss of 10.45% over the past three days. During the trading session, the stock hit an intraday low of Rs. 139, reflecting a decrease of 7.61% at one point. Currently, Satin Creditcare Network is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trajectory. Over the past month, the stock has seen a notable decline of 13.98%, while the overall finance/NBFC sector has decreased by 2.5%, and the Sensex has fallen by 7.01%.
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