Suryoday Small Finance Bank hits 52-week low, underperforms sector by -2.92%

Suryoday Small Finance Bank, a smallcap private bank, has recently hit a 52-week low on October 28, 2024. The stock has been on a downward trend for the past 8 days, with a consecutive fall of -22.68% in returns during this period. Today, the stock touched an intraday low of Rs 132.5, underperforming the sector by -2.92%.

According to MarketsMOJO, the stock call for Suryoday Small Finance Bank is 'Sell'. The bank's performance in the past year has been -14.85%, while the Sensex has seen a positive growth of 25.43%. This indicates that the bank has not been able to keep up with the overall market performance.

Suryoday Small Finance Bank is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend in the stock. This could be due to various factors such as the current economic climate, industry competition, or company-specific issues.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of the stock. Investors are advised to do their own research and consult with a financial advisor before making any investment decisions.