Why is Abirami Fin. falling/rising?
As of 10-Sep, Abirami Financial Services (India) Ltd's stock price is Rs 46.56, down 4.98%, and has declined 6.84% over the last three days, significantly underperforming its sector and the benchmark Sensex. The stock has also experienced a drastic drop in delivery volume and a year-to-date decline of 30.50%, indicating a challenging market environment.
As of 10-Sep, Abirami Financial Services (India) Ltd is experiencing a decline in its stock price, currently at Rs 46.56, which reflects a decrease of Rs 2.44 or 4.98%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.84% during this period. Additionally, the stock's performance today has underperformed its sector by 5.9%. The stock has also seen a significant drop in delivery volume, which fell by 97.93% compared to the 5-day average, indicating a lack of investor interest. In terms of returns, the stock has seen a year-to-date decline of 30.50%, while it has risen by 3.60% over the past month, suggesting volatility and a challenging market environment.Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.06% over the past week, Abirami Financial Services has seen a decline of 7.98% during the same period. This stark contrast highlights the stock's struggles relative to the broader market. While the Sensex has shown a positive year-to-date return of 4.21%, Abirami's significant drop indicates that it is not only facing internal challenges but also lagging behind the overall market performance. The stock's moving averages indicate that it is currently lower than the 5-day, 20-day, 50-day, and 200-day averages, further suggesting a bearish trend in the short term.
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