Why is Apoorva Leasing falling/rising?
As of 15-Oct, Apoorva Leasing Finance & Investment Co Ltd's stock price is Rs 36.10, down 3.19%, with significant volatility and a year-to-date decline of 33.36%. Despite a slight weekly increase, it underperforms its sector and the benchmark Sensex, indicating ongoing challenges.
As of 15-Oct, Apoorva Leasing Finance & Investment Co Ltd is experiencing a decline in its stock price, currently at Rs 36.10, which represents a decrease of Rs 1.19 or 3.19%. Today's trading has shown significant volatility, with the stock reaching an intraday high of Rs 41 and a low of Rs 34.5, indicating a wide trading range of Rs 6.5. The stock has underperformed its sector by 5.35% today, and while it has shown a slight increase of 0.28% over the past week, it has a year-to-date decline of 33.36%. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, and 100-day moving averages but remains below its 200-day moving average. There is a notable increase in investor participation, with delivery volume rising by 97.61% against the 5-day average, suggesting some interest despite the overall downward trend.In the broader market context, the finance/NBFC sector has gained by 2.24%, contrasting with Apoorva Leasing's performance. The stock's short-term return over the past week is positive at 0.28%, but this is significantly lower than the benchmark Sensex, which has increased by 1.02% during the same period. The stock's year-to-date performance is particularly concerning, as it lags behind the Sensex's gain of 5.72%. This underperformance relative to the benchmark, combined with high volatility and erratic trading patterns, contributes to the stock's current downward movement.
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