Why is Abhishek Finle. falling/rising?
As of 08-Sep, Abhishek Finlease Ltd's stock price is Rs 46.27, down 4.99%, and has underperformed its sector by 5.31%. The stock shows a bearish trend, trading below all major moving averages, with a significant drop in delivery volume and a year-to-date decline of 16.33% compared to the Sensex's gain of 3.39%.
As of 08-Sep, Abhishek Finlease Ltd is experiencing a decline in its stock price, currently at Rs 46.27, which represents a decrease of 2.43 or 4.99%. The stock has underperformed its sector by 5.31% today and opened with a loss of 4.99%. It has not traded on 4 out of the last 20 days, indicating erratic trading behavior. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. The delivery volume has also seen a significant drop of 78.57% compared to the 5-day average, reflecting falling investor participation. Unfortunately, there is no information available regarding positive or negative factors affecting the stock.In the broader market context, the stock's performance over the past week shows a decline of 4.99%, while the benchmark Sensex has gained 0.53%. Over the past month, Abhishek Finlease Ltd has decreased by 23.62%, contrasting with the Sensex's modest increase of 1.16%. Year-to-date, the stock is down 16.33%, while the Sensex has risen by 3.39%. This stark difference in performance highlights the stock's struggles relative to the broader market, contributing to its downward price movement.
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