Why is Abhinav Leasing falling/rising?
As of 13-Nov, Abhinav Leasing & Finance Ltd's stock price is at 1.30, up 4.0% recently, with a two-day gain of 8.33%. Despite this short-term rally, the stock has a year-to-date decline of 32.29% and has underperformed the Sensex over the long term.
As of 13-Nov, Abhinav Leasing & Finance Ltd's stock price is currently at 1.30, reflecting an increase of 0.05 or 4.0%. The stock has shown positive momentum, gaining for the last two days with an overall return of 8.33% during this period. Additionally, the stock has outperformed its sector by 4.02%. Despite a decline in the longer-term performance, with a year-to-date drop of 32.29%, the recent increase in delivery volume by 146.79% against the 5-day average indicates rising investor participation, which may be contributing to the upward price movement. There is no information available regarding positive or negative factors that could further explain the stock's recent performance.Broader market context shows that over the past week, Abhinav Leasing has outperformed the Sensex, gaining 1.56% compared to the benchmark's 1.40%. However, in the longer term, the stock has underperformed significantly, with a one-year decline of 35.32% against the Sensex's gain of 8.74%. This contrast highlights that while the stock is experiencing a short-term rally, it remains challenged in the broader market context, where it has not kept pace with the benchmark over longer periods.
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