Why is Available Fin. falling/rising?
As of 05-Sep, Available Finance Ltd's stock price is Rs 171.90, down 0.75%, with a significant year-to-date decline of 46.78%. Despite a recent increase in investor participation, the stock has underperformed compared to its sector and the benchmark Sensex.
As of 05-Sep, Available Finance Ltd's stock price is currently at Rs 171.90, reflecting a decrease of Rs 1.3 or 0.75%. The stock has been underperforming, having fallen for the last two days with a total decline of 1.72%. It touched an intraday low of Rs 168.25, indicating a significant drop of 2.86% during the trading session. In terms of returns, the stock has shown a 7.94% increase over the past week, but it has declined by 1.66% over the past month and a substantial 46.78% year-to-date. The stock is trading above its 5-day and 20-day moving averages but below its longer-term moving averages, suggesting mixed performance in the short term. Additionally, there has been a rise in investor participation, with delivery volume increasing by 7.78% against the 5-day average, indicating some interest despite the recent price drop. There is no information available regarding positive or negative factors affecting the stock.Broader market context shows that while Available Finance Ltd has underperformed its sector today by 1.24%, the benchmark Sensex has only increased by 1.13% over the past week. Year-to-date, the stock has significantly lagged behind the Sensex, which has gained 3.29%. This stark contrast highlights the challenges faced by Available Finance Ltd in the current market environment, particularly as it struggles with a substantial decline over the longer term compared to the benchmark's performance.
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