Why is Apoorva Leasing falling/rising?
As of 16-Oct, Apoorva Leasing Finance & Investment Co Ltd's stock price is Rs 36.60, down 7.25%, and has underperformed its sector. Despite a recent short-term gain, the stock has declined 32.43% year-to-date and remains below its 200-day moving average, indicating a bearish trend.
As of 16-Oct, Apoorva Leasing Finance & Investment Co Ltd is experiencing a decline in its stock price, currently at Rs 36.60, which represents a decrease of 2.86 or 7.25%. The stock has underperformed its sector by 7.13% today and has fallen after four consecutive days of gains. It touched an intraday low of Rs 36.60, and trading volume has been erratic, with the stock not trading on one day out of the last twenty. Despite a significant increase in delivery volume on October 15, which rose by 878.14% against the five-day average, the stock remains lower than its 200-day moving average, indicating a bearish trend. Year-to-date, the stock has declined by 32.43%, contrasting with a 6.82% gain in the benchmark index.In the broader market context, the stock's short-term performance over the past week shows a gain of 7.52%, which is significantly higher than the Sensex's increase of 1.58%. However, this recent positive movement is overshadowed by the stock's long-term performance, where it has underperformed the benchmark over one year and three years, with respective returns of 5.99% and -14.39% compared to the Sensex's gains. This disparity highlights the stock's volatility and challenges in maintaining consistent upward momentum, contributing to the current decline in price.
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