Why is Akme Fintrade falling/rising?
As of 08-Sep, Akme Fintrade (India) Ltd is priced at 6.94, with a year-to-date decline of 18.74%, significantly underperforming the Sensex. The stock shows a bearish trend, trading below all major moving averages, and has experienced a notable drop in investor participation, indicating a lack of confidence.
As of 08-Sep, Akme Fintrade (India) Ltd is currently priced at 6.94, reflecting a rise of 0.04 or 0.58%. Despite this slight increase today, the stock has been underperforming in the longer term, with a year-to-date decline of 18.74% compared to a 3.39% rise in the Sensex. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 57.09% against the 5-day average, which suggests a lack of confidence among investors. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Akme Fintrade's performance over the past week shows a slight decline of 0.14%, while the Sensex has gained 0.53%. This indicates that the stock is not only lagging behind the benchmark index in the short term but also reflects a broader trend of underperformance over the past year, where it has decreased by 38.48% compared to a minor decline of 0.49% in the Sensex. The liquidity of the stock remains adequate for trading, but the overall sentiment appears to be negative, contributing to the stock's struggles in the market.
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