Why is Apoorva Leasing falling/rising?
As of 11-Nov, Apoorva Leasing Finance & Investment Co Ltd is seeing a price increase to Rs 36.88, up 8.98%. While it has shown short-term gains, its long-term performance remains concerning with a significant year-to-date decline of -31.92%.
As of 11-Nov, Apoorva Leasing Finance & Investment Co Ltd is experiencing a price increase, with the current price at Rs 36.88, reflecting a change of Rs 3.04 or 8.98% upward. The stock has shown strong performance today, outperforming its sector by 10.96% and has gained consecutively over the last two days, accumulating a total return of 9.14% during this period. Despite a significant drop in year-to-date performance of -31.92%, the stock has shown resilience with a 12.78% increase over the past year. However, there has been a notable decline in investor participation, with delivery volume falling by 55.75% against the 5-day average, indicating potential concerns about sustained interest in the stock.Broader market context shows that over the past week, Apoorva Leasing has outperformed the Sensex, returning 1.26% compared to the benchmark's 0.49%. In the short term, the stock's performance is encouraging, especially given its recent volatility and wide trading range, which suggests active trading interest. However, the stock's long-term performance remains concerning, as it has underperformed the Sensex over the last three years, with a decline of 5.31% compared to the benchmark's 35.73% increase. This juxtaposition of short-term gains against long-term underperformance may create mixed sentiments among investors.
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