Why is 3i Infotech falling/rising?
As of 07-Oct, 3i Infotech Ltd's stock price is Rs 20.17, down 5.66%, with a total decline of 8.86% over the last two days. The stock has significantly underperformed compared to the Sensex, which has gained 2.07% over the past week, while 3i Infotech has dropped 6.40%.
As of 07-Oct, 3i Infotech Ltd is experiencing a decline in its stock price, currently at Rs 20.17, which reflects a decrease of 1.21 or 5.66%. The stock has underperformed significantly, with a consecutive fall over the last two days resulting in a total decline of 8.86%. It has also touched an intraday low of Rs 19.66, indicating high volatility with an intraday fluctuation of 5.26%. Additionally, the stock is trading below its moving averages across various time frames, and there has been a notable drop in investor participation, with delivery volume decreasing by 59.3% compared to the five-day average. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, 3i Infotech's performance has been notably poor compared to the benchmark Sensex, which has gained 2.07% over the past week while the stock has dropped 6.40%. Over the past month, the stock has declined by 8.17%, contrasting sharply with the Sensex's increase of 1.51%. Year-to-date, the stock is down 23.64%, while the Sensex has risen by 4.85%. This stark difference in performance highlights the challenges faced by 3i Infotech in the current market environment.
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