Why is Abirami Fin. falling/rising?
As of 21-Aug, Abirami Financial Services (India) Ltd is currently priced at Rs 53.00, reflecting a recent positive trend with a 9.28% gain over the last three days and significant delivery volume increase. However, despite short-term outperformance against the Sensex, the stock has declined 20.88% year-to-date.
As of 21-Aug, Abirami Financial Services (India) Ltd is experiencing a price increase, currently at Rs 53.00, which reflects a rise of 2.07 or 4.06%. The stock has shown strong performance recently, gaining 9.28% over the last three days and outperforming its sector by 4.05% today. It opened with a gain of 4.06% and reached an intraday high of Rs 53.21. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The delivery volume has also increased significantly, rising by 103.36% against the 5-day average, suggesting heightened investor interest. There is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, Abirami Financial Services has outperformed the benchmark Sensex in the short term, with a 1-week return of +8.78% compared to the Sensex's +1.74%. Over the past month, the stock has risen by 18.30%, while the Sensex has seen a slight decline of 0.24%. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of 20.88% compared to the Sensex's gain of 4.94%. This mixed performance indicates that while the stock is currently experiencing a positive trend, it has faced challenges over a longer time frame.
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