Why is Abirami Fin. falling/rising?
As of 23-Sep, Abirami Financial Services (India) Ltd's stock price is Rs 44.90, down 4.87%, and has underperformed its sector by 5.2%. The stock is in a bearish trend, trading below key moving averages, with a year-to-date decline of 32.98%, indicating ongoing struggles compared to the broader market.
As of 23-Sep, Abirami Financial Services (India) Ltd is experiencing a decline in its stock price, currently at Rs 44.90, which represents a decrease of Rs 2.3 or 4.87%. The stock has underperformed its sector by 5.2% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 4.97% during this period. Additionally, the stock has shown significant volatility, with an intraday low of Rs 44.85. It is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. The stock's performance over the past week shows a decline of 3.90%, and its year-to-date return is down by 32.98%, further highlighting its struggles compared to the benchmark.In the broader market context, the Sensex has shown a slight increase of 0.98% over the past month, contrasting sharply with Abirami Financial's 15.44% decline during the same period. This underperformance suggests that the stock is not only struggling in isolation but is also lagging behind the overall market trend. Despite a notable rise in investor participation, with a 465.08% increase in delivery volume on September 22, the stock's liquidity remains adequate for trading. However, the lack of positive factors in the dashboard indicates that there are no significant catalysts to support a rebound in the stock's price, contributing to its continued decline.
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