Why is Apoorva Leasing falling/rising?
As of 28-Oct, Apoorva Leasing Finance & Investment Co Ltd's stock price is Rs 37.90, up 5.31% recently, with a notable 15.02% gain over the last three days. Despite strong short-term performance, the stock has a year-to-date decline of 30.04%, indicating long-term challenges.
As of 28-Oct, Apoorva Leasing Finance & Investment Co Ltd is experiencing a rise in its stock price, currently at Rs 37.90, reflecting an increase of 1.91 or 5.31%. The stock has shown strong performance recently, gaining 15.02% over the last three days and outperforming its sector by 5.57% today. It reached an intraday high of Rs 39.57, although it also faced volatility, with a wide trading range of Rs 6.27 and an intraday volatility of 8.59%. Despite this positive momentum, there has been a decline in investor participation, with delivery volume falling by 5.19% compared to the five-day average, indicating some caution among investors.Broader Market Context: In the short term, Apoorva Leasing's performance has significantly outpaced the benchmark Sensex, with a weekly return of 7.55% compared to the Sensex's 0.24%. Over the past month, the stock has gained 20.51%, while the Sensex has only increased by 5.22%. However, it is important to note that the stock has a year-to-date decline of 30.04%, contrasting with the Sensex's gain of 8.30%, suggesting that while recent movements are positive, the stock has faced considerable challenges over a longer timeframe.
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