Stock of Interest

Posted On: September 7, 2023

Stock Report: EQUITASBNK(NSE) 06 Sep 2023

Equitas Small Finance Bank Ltd is a small finance bank. It offers banking products and services to customers. The firm’s financial products and services include the provision of small business loans comprising LAPs, housing loans, and agriculture loans to micro-entrepreneurs, microfinance, used and new commercial vehicle loans, Micro and Small Enterprises loans and others. Its segments include Treasury; Corporate / Wholesale Banking; Retail Banking; and Other Banking Business. The company generates a majority of its revenue from the retail banking segment. 

#xCalData predicts that # EQUITASBNK will continue its bearish phase over the next five days and trend within the range of 82 to 89.  

In comparison to the previous month, the price of the stock has experienced a decline of 3.7% indicating a bearish. 

The Stock has doubled once since 09 Nov 2020 and took an average of 0.6 years to double.

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 2 years for the same week, we see the stock has given positive returns in all previous years. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Aroon, MFI, Trendline indicates Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days.

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